Thu, May 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Citco Transparency Platform provides customized transparency solutions

Monday, November 08, 2010
Opalesque Industry Update - The Citco Transparency Platform, "CTP", provides its clients with high quality, tailored transparency risk reports and online products across its portfolio holdings.

CTP was initiated more than 18 months ago by Citco in response to the Industry’s demand for increased transparency and independent reporting. As the world’s largest financial service provider for Hedge Funds and Hedge Fund Investors, Citco responded to its network of clients to address their concerns about transparency.

"During 2009 we organized multiple workshops including a roundtable event during May at the offices of Unigestion in Geneva where both Hedge Funds and Hedge Fund Investors worked to find the best and most scalable solution for satisfying the transparency challenge" Gilbert Grosjean, Director of CTP. The outcome of this series of industry meetings was the creation of a tailored service for both Investors and Funds.

In the Single Manager Hedge Fund driven model, Citco contracts directly with Hedge Funds to provide standardized reporting on their behalf. Hedge Funds have understood the value in appointing Citco as their "Independent Transparency Provider."In doing so, Citco produces and distributes the chosen report set to all of the Hedge Fund’s investors. Report recipients can log on to www.citcotransparency.com to pull both current and historic Investment, Counterparty & Investment Guidelines Reporting in both graphical and data feed formats. In order to best serve the Investors, provisions are also made for Managers to make available their proprietary newsletters in a single location.

“Tremblant has been using CTP to provide independent transparency reporting to our investors since early 2010. This independence, along with the CTP web portal’s secure and convenient access, provides an important benefit to our investors. We have worked with Citco for many years across a number of services, and are pleased that they have added CTP to the offering.” – Jim Eckert, President & COO, Tremblant Capital Group

For Institutional Investors needing further reporting, we can alternatively contract with the Investors (Hedge Fund Allocators, Pension Funds, and Endowments). In this role we collect position level data from all their hedge fund investments, from an independent source (administrator) for reporting and analytical purposes. The standard report package is composed of Monthly Attribution/ Counterparty Reports per single manager as well as aggregated reporting on a weighted average of their consolidated holdings. For more sophisticated investors, CTP supplies Real Time Systems, depending on the frequency of information, allowing portfolio data analysis on your desk top, Risk Reporting (VAR and Stress Testing) and "What If" scenario solutions.

With the independent data collected from the underlying positions, CTP is able to produce aggregated reports Based on their CTP reports, investors are able to execute their allocations through Citco Bank, get financing with Citco Financial Products, “CFP”, and have their NAV published at a holding level by Citco Fund Services, “CFS”, all within the same Group, which is unique.

Citco is proud to announce that Blackstone Alternative Asset Management, “BAAM”, has chosen Citco as a provider for administration and custody services as well as to help create a solution for its independent transparency needs.

BAAM and CTP have worked together to take what CTP has developed and create a customized transparency solution that combines data aggregation with tailored data and risk reporting. CTP works directly with the participating hedge fund managers' independent administrators to collect the portfolio positions and aggregate the exposures according to an agreed-upon risk aggregation methodology. BAAM will have direct access to Citco's AExeo system, which will allow for a detailed review of participating managers' positions as well as the ability to parse the information in a number of different ways. BAAM will also have the ability to integrate CTP's technology system with its existing proprietary technology and risk management platform.

"Transparency is an issue that investors have been trying to address for quite some time. We are happy to be working with Citco in this area to help develop a highly customized and flexible solution that is both a complement to our existing technology and risk processes, as well as a benefit for our investment advisory business." – Scott Soussa, Managing Director, Head of Due Diligence, Blackstone Alternative Asset Management.

For more information about Citco Transparency Platform please contact Gilbert Grosjean at GGrosjean@citco.com

(press release)

About Citco Transparency Platform
Citco Transparency Platform (CTP) was born out of the market turmoil of 2008 to provide transparency and reporting for Hedge Fund Investors. The independence and standardization of the platform make it a viable alternative to Managed Accounts.

Following extensive collaboration with market participants, CTP has created a suite of services and products to cater for the industry's needs.

About Citco
The Citco Group of Companies is a worldwide group of independent financial service providers serving the world’s elite hedge funds, private equity and real estate firms, institutional banks, Global 1000 companies and high net worth individuals.

Citco companies service these sectors around the world by offering hedge fund administration, transparency reporting, custody and fund trading, financial products and corporate and trust planning solutions. Corporate website: www.citco.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds, Hedge funds buy Actavis, Valeant. ETFs join the party, The most loved biotechs of big hedge funds, Stocks to buy ... according to hedge funds, Atlantic City bond offering attracts hedge funds as buyers, Okumus Fund Management discloses huge new Ascent Capital Group stake[more]

    Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds From Boingboing.com: When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landl

  2. Institutions - Institutional investors turn to real estate, planes, Assets at Boston’s five biggest family nonprofits rise to $3.5bn[more]

    Institutional investors turn to real estate, planes From Joins.com: The National Pension Service and domestic emerging market specialists who did not know where to invest in a low interest rate environment are turning to other investments like the blue-chip real estate market abroad.

  3. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Iceland’s failed banks face a tax that targets the lenders’ estates as the government prepares to unveil its plan for exiting capital controls in t

  4. Opalesque Exclusive: BMO launches multi-strat '40 act fund[more]

    Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO

  5. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AM’s latest Weekly Briefing, in t

 

banner