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Citi awarded mandate to provide hedge fund middle and back office services for Guggenheim Investment Advisory

Wednesday, April 18, 2012
Opalesque Industry Update: Citi has been awarded a mandate from Guggenheim Investment Advisory, a division of Guggenheim Partners, to provide a complete suite of services including middle office, fund administration and custody for Guggenheim’s hedge fund investment platform.

“We are pleased to be working with Citi because of their deep understanding of our business and robust technology that offers us customized end-to-end solutions to our unique middle office, administration and custodial needs,” said Dina DiLorenzo, Managing Director, Guggenheim Investment Advisory.

As investment managers worldwide launch new funds and accelerate the growth of their business, Citi helps them extend and enhance their operational capabilities so they can focus on making investment decisions and raising assets. Citi’s service platform for alternative managers provides administration, operations, technology and data management capabilities to enhance and support an asset manager’s front and middle office activities.

“We were able to leverage our hedge single manager and fund of funds capabilities to create a service solution adapted to Guggenheim’s open architecture model,” said Neeraj Sahai, Global Head, Securities and Fund Services, Citi. “We look forward to continuing to support Guggenheim’s ability to innovate and bring new products to market.”

Citi

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