Citigroup has announced that Citi Investor Services, part of the Global Transaction Services business, has launched a new global operating platform specifically for hedge funds. This new offering provides Citi’s existing and future hedge fund administration clients a fully integrated infrastructure spanning the complete operating lifecycle of a hedge fund: from receipt of trade to daily operations, calculation of the NAV through to the generation of the investor statements.

“In today’s challenging hedge fund environment, access to real-time and customizable data is paramount. Our hedge fund global operating platform delivers superior client service, enabling us to be a true extension of our client’s operation. Citi is able to deliver this because we utilise the same advanced platform and operating model everywhere, allowing us to give our clients local solutions and expertise with global service standards regardless of their size, location or strategy.” says Neeraj Sahai, Global Head, Securities and Fund Services, Citi. “The combination of our team’s talent and expertise, coupled with this pioneering technology, allows us to maintain a market leading position amongst hedge fund services providers”.

The global operating platform for hedge funds ensures improved quality controls through expanded data automation, and offers enhanced performance and added functionality, including:

• STP for high volume trade processing
  
• Industry leading complex pricing
  
• Bank debt accounting capabilities
  
• Standardized Web-based reports via CitiDirect®, Citi’s award-winning internet based application
  
• Integration with Citi’s Global Custody, Middle Office and Prime Finance platforms
  
• On- and Off-Shore Investor allocations covering Side pockets, Management fee calculations, capital activity, and Master/feeder structures with dozens of preformatted reports and statement preferences