Citi Named Best Fund of Hedge Funds Administrator
New York - October 20, 2011 – Citi today announced that it has been named the Best Fund of Hedge Funds Administrator for its next generation service model by Hedge Fund Manager Week. Administrators were judged on their ability to demonstrate growth, innovation and customer satisfaction.
Fund of hedge fund managers are facing investor demands for greater transparency, heightened regulatory scrutiny and a changing competitive environment. Citi’s integrated service helps managers address these new challenges with greater access to and application of data, improved visibility into investments and a seamless service experience that includes liquidity and capital markets support.
"We have re-engineered the entire client experience with an end-to-end solution for middle office, tools for risk management, administration, custody, analytics, capital markets and liquidity solutions," said Sanjiv Sawhney, Global Head of Fund Services, Citi. "Managers now have an enhanced platform for making crucial investment, hedging and exposure decisions to build a more efficient, informed and effective investment process."
Citi offers a single view into the fund of hedge fund investment cycle on a unique, cross-functional information and portfolio management platform that integrates front, middle and back office services. With expert support, systems and tools, combined with the hedging, structuring and financing expertise of a leading global bank, Citi is responding to the needs of hedge fund of fund managers with intelligence.
Through its Securities and Fund Services business, Citi’s industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With $12.5 trillion of assets under custody and the industry’s largest proprietary network, clients can leverage Citi's local market expertise and global reach to extract value across the entire investment value chain.
Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2011, it held on average $365 billion in liability balances and $12.5 trillion in assets under custody.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @CitiGTS | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi