Guggenheim Investment Advisory, a division of global financial services firm Guggenheim Partners, has mandated Citi to provide a complete suite of services including middle office, fund administration and custody for Guggenheim’s hedge fund investment platform.
Citi’s solution will enable Guggenheim to extend and enhance their operational capabilities so they can focus on their investment functions. Citi’s service platform for alternative managers provides administration, operations, technology and data management capabilities.
“We were able to leverage our hedge single manager and fund of funds capabilities to create a service solution adapted to Guggenheim’s open architecture model,” said Neeraj Sahai, global head, Securities and Fund Services, Citi. “We look forward to continuing to support Guggenheim’s ability to innovate and bring new products to market.”
Guggenheim Partners has more than $125 billion in assets under management.
(JDC)