Citi has been awarded a new mandate to provide hedge fund administration services to NWI Management, a New York-based investment adviser.
The mandate covers private investment funds totaling over $3.1 billion in assets as of May 1, 2013. NWI managed a total of over $4.2 billion in assets as of May 1, 2013 for funds and accounts that generally follow discretionary global macro strategies with a focus on emerging markets.
Hari Hariharan, CEO and chairman of NWI, said: “As a premier global financial institution, Citi has been a key business partner for NWI since our inception, and we value their expertise across a wide range of asset classes. This new mandate builds upon that successful relationship.”