Altera Capital Appoints Citi to Provide Prime Brokerage and Hedge Fund Administration Services
London, Moscow - April 3, 2012 – Citigroup today announced that it has been appointed by Altera Absolute Russia, the Cayman-based fund, to provide prime brokerage, fund accounting and transfer agency services. Altera Capital is an event-driven, long/short equity fund advisor primarily focused on highly liquid Russia and CIS-related equities with some additional investments in fixed income, FX, commodity futures, international indices and derivatives.
Viatcheslav Pivovarov, Chief Executive Officer, Altera Capital, said: "I am confident that partnering with Citi is an important step to build a world-class platform and help global institutions achieve their investment objectives with Altera Absolute Russia Fund."
Sanjiv Sawhney, Global Head of Fund Services, Citi’s Global Transaction Services, added: "We look forward to helping Altera achieve their growth plans and make efficiency gains while reducing operational complexity. This mandate is a testament to Citi’s continued success in developing strong relationships with hedge fund managers in Emerging Markets and supporting multi-asset strategies. It also highlights our ability to leverage cross-selling opportunities through the solid partnership between Citi’s Prime Finance and Securities and Fund Services divisions."
With offices in Hong Kong, London, New York, Singapore, Sydney, San Francisco and Tokyo, Citi is one of the world’s leading providers of Prime Brokerage services, leveraging Citi’s global distribution network and worldwide relationships to provide consistent, high-quality service and innovative solutions.
Citi OpenInvestorSM is the investment services solution for today’s diversified investor, combining specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies, and geographies. Citi provides complete investment services for institutional, alternative, and wealth managers, delivering middle office, fund services, custody, and investing and financing solutions focused on clients’ specific challenges and customized to their individual needs.
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: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Citi Prime Finance
Citi Prime Finance is a comprehensive, integrated business unit comprised of prime brokerage, financing solutions and capital introductions – supported by cutting edge technology and advanced reporting. By leveraging and enhancing Citi’s corporate strengths in over 100 markets globally, Prime Finance now serves clients in more than 70 countries – delivering 24-hour coverage through experienced industry professionals in London, New York, San Francisco, Hong Kong, Tokyo, Sydney and Singapore.
About Citi Global Transaction Services 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 95 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the fourth quarter of 2011, it held on average $368 billion in liability balances and $12.5 trillion in assets under custody.