Citi has been appointed to provide depository, custody and prime brokerage services for hedge fund manager Brummer & Partners’ recently-launched Carve fund.
We are delighted to appoint Citi for our new Carve funds, said Peter Thelin, CEO and Portfolio Manager at Carve Capital, the fund manager. Citis local presence, proprietary global sub-custody network and its ability to offer a multi prime brokerage model for Swedish investment funds, putting Sweden in line with the rest of Europe, have been important factors in our decision.
Building on this mandate, Citi is now able to provide local depositary, custody and prime brokerage services in Sweden. Through the new offering, Citi can support locally domiciled funds with independent depositary capabilities including oversight of funds service providers, safekeeping of funds assets, as well as daily automated monitoring of funds investment guidelines and regulatory restrictions.
Citi has been present in Sweden since 1976 with its Corporate and Investment Banking, Global Market and Transaction Services range.
(JDC)