Citi Updates Hedge Fund Outsourcing Platform

Nov 10 2011 | 10:57am 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."


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of