Fri, Aug 22, 2014
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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added