Monday, 4 May 2015
Last updated 2 days ago
Sep 12 2013 | 2:27pm ET
Citi has surpassed $500 billion in alternative assets under administration—including $300 billion in hedge fund assets and over $200 billion of committed private equity capital.
“Our leading solutions across the hedge fund and private equity asset classes have positioned us well to capitalize on the ever increasing trend towards convergence of styles in alternative asset management,” said Mike Sleightholme, global head of hedge fund services, and Joe Patellaro, global head of private equity services, in a joint statement. “As institutional investors continue to demand more operational capabilities from their alternatives managers, Citi is there to provide superior solutions across our global platform. These factors have been a growth engine for our businesses.”
Hedge fund mandates awarded recently to Citi include Mackenzie Investments, the Singapore–based subsidiary of a leading Canadian asset manager, while recent private equity mandates include Delta Partners, a leading management advisory and investment firm.
Citi also launched its private equity services in Luxembourg through a dedicated Centre of Excellence for closed-ended funds, allowing the bank to provide end-to-end private equity servicing solutions in the growing Europe, Middle East and Africa market.
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…