Monday, 2 March 2015
Last updated 5 hours ago
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."
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…