Sat, Jun 24, 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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to