Citigroup today announced that Citi Investor Services, part of the Global Transaction Services business, has launched a new global operating platform specifically for hedge funds.
This new offering provides Citi' existing and future hedge fund administration clients a fully integrated infrastructure spanning the complete operating lifecycle of a hedge fund: from receipt of trade to daily operations, calculation of the NAV through to the generation of the investor statements. Citi's end-to-end solution will establish standardized applications and processes across each region, ensuring accuracy, transparency and consistency. Furthermore, the global operating platform for hedge funds provides comprehensive support for all investment products, strategies and instruments, and is especially adept at valuating complex securities.
"In today's challenging hedge fund environment, access to real-time and customizable data is paramount. Our hedge fund global operating platform delivers superior client service, enabling us to be a true extension of our client's operation. Citi is able to deliver this because we utilise the same advanced platform and operating model everywhere, allowing us to give our clients local solutions and expertise with global service standards regardless of their size, location or strategy." says Neeraj Sahai, Global Head, Securities and Fund Services, Citi. "The combination of our team's talent and expertise, coupled with this pioneering technology, allows us to maintain a market leading position amongst hedge fund services providers".
Citi offers Hedge Funds a broad set of services including prime finance, custody and middle office support. Furthermore, Citi Prime Finance offers global client service covering the full range of asset classes and a comprehensive suite of execution solutions. The depth of Citi's experience in securities lending, swaps, fixed income repo, futures, foreign exchange and capital introductions makes Prime Finance a chosen and trusted partner.
The global operating platform for hedge funds ensures improved quality controls through expanded data automation, and offers enhanced perperformance and added functionality, including:
- STP for high volume trade processing
- Industry leading complex pricing
- Bank debt accounting capabilities
- Standardized Web-based reports via CitiDirect®, Citi's award-winning internet based application
- Integration with Citi's Global Custody, Middle Office and Prime Finance platforms
- On- and Off-Shore Investor allocations covering Side pockets, Management fee calculations, capital activity, and Master/feeder structures with dozens of preformatted reports and statement preferences
Through its Securities and Fund Services business, Citi's industry-focused experts provide investors worldwide with tailored solutions delivered though proven global platforms that feature modular, open architecture. With over $12 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.