Citi announced Monday that it has launched a new information delivery and reporting technology to support its alternative investment clients.
Citi said in a statement that new solution, called OpenAi, will enable alternatives managers to “be more efficient, invest in a more effective manner, and help better manage operational risk.”
OpenAi enables clients to view and customize data online in real time, and access through mobile devices. Citi also said that the new solution offers clients “seamless connection” to global providers, including prime brokers, trading platforms and fund accountants
Citi is one of the world’s biggest hedge fund services firm with over $482 billion of alternative assets under administration.