Wednesday, 27 August 2014
Last updated 8 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...