Friday, 31 October 2014
Last updated 7 hours ago
Jun 3 2010 | 11:21am ET
Charlotte, North Carolina is about to get an early Christmas present from hedge fund administration form Citco Fund Services in the firm of 258 new jobs.
Citco Fund Services—part of The Citco Group of Companies—is planning to open an office in Charlotte that will create 258 jobs over the next five years, according to the Charlotte Business Journal.
Citco Fund Services has seen its own fortunes, and size grow lately.
Already the largest administrator, last month Citco Fund Services teamed with OpHedge Investment Services to form a strategic alliance in which Citco, which has $550 billion in assets under administration to OpHedge’s $38 billion, will serve as sub-administrator for OpHedge. Citco has not taken an ownership stake in OpHedge; instead, the two sides agreed to split revenues.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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