Tuesday, 28 June 2016
Last updated 47 min ago
Jan 13 2010 | 1:44am ET
Impending hedge fund regulation in Europe is already leading to an uptick in funds domiciled within the European Union. And Citigroup will be there to service them.
The Wall Street giant has unveiled an end-to-end servicing solution for EU-domiciled hedge funds. The new offering includes administration, custody, compliance, prime brokerage and back- and middle-office support, including secretarial services, distribution support and fiduciary services.
“Investors are now focused on governance, risk management, independent valuation and transparency of reporting," Andrew Gelb, head of securities and fund services in Europe, Middle East and Africa, said. "Hedge fund managers are increasingly offering Ucits and other EU domiciled fund structures to meet these needs as the industry continues to converge across the alternative and traditional fund sectors.”