As the demand for liquid alternatives grows, Citco Fund Services has launched Citco Mutual Fund Services to service funds that employ alternative strategies in more traditional vehicles such 1940 Act mutual funds or exchange-traded funds (ETFs).
Through an alliance with mutual fund administrator Huntington Asset Services, which will help provide operational services, Citco Mutual Fund Services will provide fund administration for these liquid alternatives and help these managers navigate the different regulatory requirements of these structures.
“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,” says Jay Peller, global head, sales and product development, Citco Fund Services.
“Huntington and Citco share core beliefs about the culture we create for our colleagues and the approach we take with our customers,” says 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” says 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.”
Citco Launches Liquid Alternatives Administration Company
As the demand for liquid alternatives grows, Citco Fund Services has launched Citco Mutual Fund Services to service funds that employ alternative strategies in more traditional vehicles such 1940 Act mutual funds or exchange-traded funds (ETFs).
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