Citi has been awarded a mandate to provide a full complement of fund of hedge funds administration and custody services to Sandalwood Securities.
“After a thorough review of service providers, two of the key factors driving our decision to select Citi were the quality of the professionals we met and Citi’s commitment to developing technology solutions,” says Ken Chapple, CFO of Sandalwood Securities, Inc. “In addition, transparency is a key commitment we make to our investors and their advisers. Citi’s investor services platformand integrated fund of fund solutionprovides us with direct, Web-based access to our investor reporting and portfolios, and, as a result, additional transparency to our processes.”
Neeraj Sahai, global head of securities and fund services for Citi Global Transaction Services, adds: “We are very pleased that Sandalwood recognized the value of our industry-leading fund of hedge funds market expertise combined with our ongoing investment in technology to award us this mandate. We look forward to a long-term relationship with Sandalwood providing our fund of hedge funds administration and custody services in support of their growth and performance objectives.”
(CM)