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.