Citco To Service Mutual Funds

Dec 3 2013 | 10:40am ET

Citco Fund Services has joined forces with Huntington Asset Services to provide administration services to 40 Act funds.

Citco Mutual Fund Services will cater to 'liquid alternative structures,' like mutual funds and exchange-traded funds, providing access to alternative investments.

“Retail investors are increasingly interested in alternative asset classes as an additional source of yield, and we are starting to see alternative fund managers set up 40 Act structures to accommodate them. Citco has always been singularly focused on adapting our services to meet our clients’ needs, whether it’s enhanced middle office, risk or the administration of 40 Act funds,” said Jay Peller, global head, sales and product development, Citco Fund Services.

Huntington Asset Services, a subsidiary of Huntington Bancshares, has been providing mutual fund service solutions for more than 40 years, including fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...