Citi has signed up Hong Kong based hedge fund Fair Capital to use the bank’s OpenPrimeSM technology in Asia.
Hong Kong-based Fair Capital is a hedge fund client of Citi and works closely with Citi’s Securities and Fund Services, a unit of Global Transaction Services, and Prime Finance, which provides prime brokerage services across multiple asset classes (equities, fixed income and foreign exchange). The fund focuses on a long/short equity strategy on Hong Kong and China stocks.
“OpenPrimeSM is a fantastic tool for us to present a real time valuation of our portfolio. It is a tailor made program to show our portfolio in various strategies,” says Airy Lau, managing director and head of Fair Capital. “With this, we can monitor our risk management and save time”.