Sunday, 29 March 2015
Last updated 1 day 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."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…