Citi Offers Bigger Hedge Funds Advisory Services

Dec 10 2010 | 12:24am ET

The writing on the wall says that bigger hedge funds will inherit the earth, and Citigroup can read. The banking giant said yesterday that it will offer advisory services to larger hedge funds, hoping to fill a niche that is ignored by most advisory firms, who cater to smaller managers.

Which is not to say that Citi Prime Finance's new business advisory practice will turn up its nose at any kind of business: The firm said it will partner with hedge funds "through all phases of their growth and maturity, from start-ups to institutional-size funds."

“Institutionalized hedge funds, with assets under management of $10 billion or more, have very different needs from those of start-up funds with less than $1 billion in assets,” said Sandy Kaul, who will head the advisory's U.S. business. “Citi Prime Finance is well-suited to provide the mix of consulting services, industry insight and thought leadership that hedge funds need right now.”

Citi plans to offer management and technology consulting, start-up services, business management services, operation review assessments, technology infrastructure and client-facing technology support.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...