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Citi Awarded Mandate to Provide Hedge Fund Administration Services to NWI Management Covering $3 Billion in Assets

New York, NY – Citi has been awarded a new mandate to provide hedge fund administration services to NWI Management LP (“NWI”), a New York-based investment adviser. The mandate covers private investment funds totaling over $3.1 billion in assets as of May 1, 2013. NWI managed a total of over $4.2 billion in assets as of May 1, 2013 for funds and accounts that generally follow discretionary global macro strategies with a focus on emerging markets.

“Citi’s fund administration solution offers a compelling depth and breadth of capabilities that make Citi an industry leader,” said Hari Hariharan, CEO and Chairman of NWI. “Furthermore, Citi is committed to continued investment in administration technology and operations, enabling them to meet evolving regulatory and investor requirements. As a premier global financial institution, Citi has been a key business partner for NWI since our inception, and we value their expertise across a wide range of asset classes. This new mandate builds upon that successful relationship.”

With over $482 billion of alternative assets under administration, Citi is a leading provider of investment services that help hedge fund managers ease operational and administrative burdens. Citi’s full suite of solutions, delivered through Citi OpenInvestor, lets hedge fund managers focus on building relationships and growing their businesses.

“We are pleased to demonstrate how Citi’s expertise across multiple business lines align to deliver complete solutions for our clients,” said Mike Sleightholme, Global Head of Hedge Fund Services, Citi. “We look forward to supporting NWI’s continued growth in the hedge fund space by delivering our robust hedge fund administration solution.”

Citi OpenInvestor is the investment services solution for today’s diversified investor that combines specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies and geographies. With $13.5 trillion in assets under custody and administration, Citi OpenInvestor provides institutional, alternative and wealth managers with middle office, fund services, custody, and investing and financing solutions that are focused on their specific challenges and customized to their individual needs. For more information, visit openinvestor.transactionservices.citi.com.

 

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About Citi
Citi, the leading global bank, 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.

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