Clearstream, the post-trade services company owned by Deutsche Borse Group, has opened a Dublin office to support its move into the hedge fund administration market, the company said today.

The Luxembourg-based institution believes its expansion into alternative funds will account for 30% of overall revenues in its fund services business during the next five years. Clearstream already provides a number of services, including settlement, custody and collateral management, to traditional funds and exchange traded funds, out of Luxembourg.