Citigroup has been awarded a mandate by Merritt Capital to provide a comprehensive suite of fund of hedge fund administration services. In particular, Citi will be delivering fund accounting, fund administration and investor services.
We were making the decision to retain an administrator for the first time and during our review of service providers we made it clear how important our investors and their requirements were to us. Citi took the time to listen to us, address our concerns and develop a program based on the best practices in the marketplace, says E. Robert Cotter, managing partner, Merritt Capital.
We are very pleased that Merritt Capital has selected us and look forward to creating the right model of administrative solutions to support their future growth, says Neeraj Sahai, global head of securities and Fund Services, Citi.
Citis offerings help fund of hedge fund managers, like Merritt Capital focus more of their professional, financial and technological resources on making investment decisions.
Through its Securities and Fund Services business, Citis industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With over $12 trillion of assets under custody and the industry’s largest proprietary network, clients can leverage Citis local market expertise and global reach to extract value across the entire investment value chain.
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