Mon, May 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Citi wins mandate to provide administration services for $28 billion of US-based alternative investment assets for Credit Suisse’s asset management division

Wednesday, February 15, 2012
Opalesque Industry Update: Citi today announced an agreement with Credit Suisse’s Asset Management division to provide a comprehensive suite of middle office, custody and hedge fund administration services to support a portion of its US-based Alternative Investments business.

As part of the mandate, a portion of the middle office operations within Credit Suisse’s Asset Management division will be fully transitioned onto Citi’s service platform, which includes operations, technology and data management capabilities. “We are pleased to demonstrate the value of our expert staff and leading technology to Credit Suisse’s Asset Management division,” said Mike Sleightholme, Head of Global Hedge Fund Services, with Citi’s Global Transaction Services.

Nigel Hill, Global Head of Liquid Investments Operations in Credit Suisse’s Asset Management division, said, “Our relationship with Citi gives us the opportunity to enhance our daily operations and the services we provide to our clients in a highly scalable manner.”

In addition to middle office solutions, Citi will provide custody and back office support for Credit Suisse Asset Management’s proprietary hedge funds.

As investment managers worldwide respond to increased regulation and a changing competitive environment, Citi can assist managers in extending and enhancing their operational capabilities so they can refocus resources on core asset management functions.

Citi provides complete investment services for institutional and alternative asset managers, delivering middle office, fund administration, global custody, and investing and financing solutions that are focused on its clients’ specific challenges and customized to their individual needs.

Through its Securities and Fund Services business, Citi’s industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With $12.5 trillion of assets under custody and the industry’s largest proprietary network, clients can leverage Citi's local market expertise and global reach to extract value across the entire investment value chain.

Citi

Press Release

BM

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. Opalesque Exclusive: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Opalesque Roundtable: Rise of high-frequency trading in Europe a challenge for traditional asset managers[more]

    Komfie Manalo, Opalesque Asia: The rise of high-frequency trading in Europe, dominating over 80% of the market, has become a challenge for traditional asset managers especially when it comes to risk management, said Philippe Malaise, chairman of advisory firm