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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Swedish HF Awards Mandate to Citigroup

Dec 19, 2012
Jing Chen

Citigroup has been awarded a mandate from Swedish hedge fund Brummer & Partners to provide depositary, custody and prime brokerage services for a recently-launched fund.

The banking giant announced in a statement Tuesday that the new offering will allow it to support Sweden-based hedge funds with “independent depositary capabilities including oversight of funds' service providers, safekeeping of funds' assets, as well as daily automated monitoring of funds' investment guidelines and regulatory restrictions.”

With offices throughout the world, including Hong Kong, New York, London and Tokyo, Citi has about $12.8 trillion in assets under custody. Brummer is Sweden's largest hedge fund manager, managing about $14 billion in assets. 

Source: 

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