Citi Expands Services For HF Managers

May 30 2012 | 12:04pm ET

Citi has expanded its administration and custody services for hedge fund managers.

The bank says the changes are in response to evolving liquidity terms and conditions in the market and come as investor level gates are “becoming more prominent in the hedge fund community.”

Citi has implemented what it calls “an enhanced liquidity module” which it says will allow clients to more accurately predict the underlying liquidity of their respective hedge fund investments. The bank has also integrated the custody trade order management system allowing clients to track the entire trade life cycle on a single platform.

In addition, Citi’s hedge fund analytics module enables portfolio managers to perform multiple statistical analyses, peer group comparisons and benchmarking with hedge fund indices. The platform integrates information so that managers can view both the actual investment returns from existing funds alongside potential hedge fund investments they are considering. Managers also have the ability to track potential investments and generate return analyses both pre and post investment. 

“As investors in funds of hedge funds demand more information on liquidity and portfolio performance, these new features become critical for managers,” said Sanjiv Sawhney, head of fund services, investor services, Citi.  “In today’s environment, clients need solutions designed specifically for funds of hedge funds to be able to make informed decisions.” 

Citi currently has $52.11 billion in assets under administration as of March 30, 2012 for funds of hedge funds.

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