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“Retail investors are increasingly interested in alternative asset classes as an additional source of yield, and we are starting to see alternative fund managers set up 40 Act structures to accommodate them. Citco has always been singularly focused on adapting our services to meet our clients’ needs, whether it’s enhanced middle office, risk or the administration of 40 Act funds,” said Jay Peller, Global Head, Sales and Product Development, Citco Fund Services. Alternative fund managers face a variety of unfamiliar requirements to operate a liquid alternatives structure, including new portfolio restrictions, additional regulatory oversight, further fund governance and regular investor communications. Responding to this need, Citco has taken their alternative asset pedigree and allied with HASI for 40 Act operational services to provide a holistic fund offering to alternative managers and their investors.

“Huntington and Citco share core beliefs about the culture we create for our colleagues and the approach we take with our customers,” said Joe Rezabek, President, Huntington Asset Services. “This common bond, along with our complementary technical expertise creates a powerful relationship for the marketplace.”

“It’s all about common values – Citco is a relationship firm, first and foremost” said Jay Peller. “When we evaluated 40 Act providers, we kept running into firms who focused on the mechanics of fund administration, whereas with Huntington, we found an experienced management team that really understood the importance of client service.”

Press release

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