Citi Investor Services, part of Citi's global transaction services business, has launched a new global operating platform specifically for hedge funds.
The new global operating platform provides Citi’s existing and future hedge fund administration clients a fully integrated infrastructure spanning the complete operating lifecycle of a hedge fund: from receipt of trade to daily operations, calculation of the NAV through to the generation of the investor statements.
Citi’s solution will establish standardized applications and processes across each region, ensuring accuracy, transparency and consistency. Furthermore, the global operating platform for hedge funds provides support for all investment products, strategies and instruments, and is especially adept at valuating complex securities.
Citi offers hedge funds a set of services including prime finance, custody and middle office support. Furthermore, Citi prime finance offers global client service covering the full range of asset classes and a comprehensive suite of execution solutions. The Citi’s experience in securities lending, swaps, fixed income repo, futures, foreign exchange and capital introductions makes prime finance a chosen and trusted partner.
The global operating platform for hedge funds will ensure improved quality controls through expanded data automation, and offers enhanced performance and added functionality, including: STP for high volume trade processing; complex pricing; bank debt accounting capabilities; standardized web-based reports via CitiDirect; integration with Citi’s global custody, Middle Office and prime finance platforms; and on- and off-shore investor allocations covering side pockets, management fee calculations, capital activity, and master/feeder structures with dozens of preformatted reports and statement preferences.
Neeraj Sahai, global head of securities and fund services at Citi, said: “The combination of our team’s talent and expertise, coupled with this pioneering technology, allows us to maintain a market leading position amongst hedge fund services providers.”