June 06, 2006
Sean Ryan is associate editor of Real Estate New Jersey , from which this article is excerpted. Citco Fund Services is the largest hedge fund administrator in the world. It administers more than 1,700 funds with over $300 billion in assets. And its space at 350 Madison Ave. in Midtown Manhattan was so cramped it had "people sitting on the ceilings," says Jay Peller, managing director of the firm's Hedge Fund Services Division. It was time…