Citi has been awarded a mandate from Guggenheim Investment Advisory, a division of Guggenheim Partners, to provide a complete suite of services including middle office, fund administration and custody for Guggenheim's hedge fund investment platform.
"We are pleased to be working with Citi because of their deep understanding of our business and robust technology that offers us customised end-to-end solutions to our unique middle office, administration and custodial needs," says Dina DiLorenzo, Managing Director, Guggenheim Investment Advisory.
As investment managers worldwide launch new funds and accelerate the growth of their business, Citi helps them extend and enhance their operational capabilities so they can focus on making investment decisions and raising assets. Citi's service platform for alternative managers provides administration, operations, technology and data management capabilities to enhance and support an asset manager's front and middle office activities.
"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," says Neeraj Sahai (pictured), 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."
Citi OpenInvestor is the investment services solution for today's diversified investor, combining specialised expertise, comprehensive capabilities and the power of Citi's global network to help clients meet performance objectives across asset classes, strategies, and geographies. With an on-the-ground presence in over 95 countries and over USD13 trillion in assets under custody, Citi offers award winning service and unmatched scale. Citi provides complete investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients' specific challenges, customised to their individual needs.
Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organisations around the world. With a network that spans more than 95 countries, Citi's Transaction Services supports over 65,000 clients. As of the first quarter of 2012, it held on average USD377 billion in liability balances and USD13 trillion in assets under custody.