Citi has launched a full service end-to-end integrated servicing solution for EU domiciled hedge funds.
The product was launched in response to increasing demand from investors and hedge fund managers to establish hedge funds in EU domiciles, such as Ireland and Luxembourg.
The servicing solution includes prime finance, custody, middle office support, fund administration, corporate secretarial services, distribution support, fiduciary services and compliance monitoring.
It builds upon Citi’s front, middle, and back office solutions for hedge fund managers while also using Citi’s experience in the traditional long-only fund administration and fiduciary businesses.
“Investors are now focused on governance, risk management, independent valuation and transparency of reporting," says Citi’s Andrew Gelb, head of securities and fund services in Europe, Middle East & Africa. "Hedge fund managers are increasingly offering Ucits and other EU domiciled fund structures to meet these needs as the industry continues to converge across the alternative and traditional fund sectors."
