Citi Updates Hedge Fund Outsourcing Platform

Nov 10 2011 | 9:57am ET

Citigroup's prime brokerage unit has unveiled the latest edition of its hedge fund operating model, Hedge Fund 3.0.

The new outsourcing and partnership model is designed to allow hedge fund managers to focus on marketing, investor relations and portfolio management, leaving the boring details to Citi's Prime Finance team. The new version helps hedge funds cut back the ratio of support staff to investment pros, Citi said.

"The Hedge Fund 3.0 concept reflects the emergence of specialty providers who focus on the hedge fund industry, enabling fund managers to concentrate on key aspects of investment management while reducing their base of fixed costs," Alan Pace, Citi's prime brokerage chief for the Americas, said. "These experts have a keen understanding of the complexities of hedge fund management and can lift the burden of building and maintaining the infrastructure needed to handle complex trading strategies, as well as extensive regulatory and reporting demands."


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Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.