Citi has been appointed by Dorchester Capital Advisors International to provide fund administration and custody for Dorchester Capital International Limited, its fund of hedge funds. The new mandate extends a long-standing relationship with Citi.
We selected Citi to consolidate more of our business because we have been continually impressed by the depth of Citis expertise with alternative funds and its broad range of administration, custody and capital markets capabilities, says Craig T. Carlson, CFO at Dorchester Capital. With Citi, we know that we can draw upon deep bench strength to support our ability to innovate, bring new products to market and continue to grow our business.
Bob Wallace, head of North America for Securities and Fund Services at Citi, adds: We are very pleased to strengthen our relationship with Dorchester, who is a leading manager in the alternative space. We look forward to continuing to support Dorchesters growth by delivering end-to-end fund of hedge fund solutions that help improve transparency and create cost and operational efficiencies.
Citi provides a complete range of services to alternative managers that include middle office, fund administration, custody and investing and financing solutions.
(CG)