Thu, Mar 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Citco Fund Services opens Shanghai office

Monday, March 14, 2011
Opalesque Industry Update - The Fund Services Division of the Citco Group of Companies (“CFS”) announced the official opening of its new Shanghai office. The office already has 80 staff and will project the expansion of CFS’s middle and back office administration services in the greater China region and the Far East in general.

Citco Fund Services (Shanghai) Ltd further expands CFS’s worldwide footprint as the World’s largest alternative investment fund administrator. This additional office will provide critical follow-the-sun business processing coverage for CFS globally, and will expand its ability to supply services to alternative investment clients located in this rapidly growing region.

With global assets in excess of $650bn, CFS offers independent administration and outsourced middle office services to hedge funds, fund of funds, private equity funds and managed account platforms from 19 separate strategic centers globally. In May 2010, CFS entered into a strategic partnership with OpHedge Investment Services (“OpHedge”) to provide clients with a suite of enhanced middle office services. The OpHedge partnership enabled CFS to leverage OpHedge’s existing office in Shanghai to expand rapidly into the region.

Mr. Jeff Li, who was previously president of OpHedge’s Shanghai operation, has been appointed Managing Director of Citco Fund Services (Shanghai) Ltd and will oversee the company.

Commenting on the opening of the new office, William Keunen, Global Director of the Citco Fund Services Division, said that “the opening of the Shanghai office brings our total staff in the region to almost 400 in four companies, located in Hong Kong, Singapore, Shanghai and Sydney, and reinforces the Citco Group of Companies’ commitment to the hedge fund industry in the Far East by supporting our clients across all asset classes, including on shore RMB fund structures.”

About Citco Fund Services:

The Citco Group of companies provide an array of administrative, fiduciary and financial services around the world. Founded more than 65 years ago, Citco Group companies operate in over 40 countries and offer three core products: hedge fund services; banking and custody; trust and corporate management.

Companies within Citco Fund Services offer fund administration services to hedge funds, fund of funds, private equity funds and managed accounts. Services include legal and corporate services, investor relations, accounting and net asset value calculations, and transfer agent services.

For more information, please visit 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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He