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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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Citi Surpasses $500 Billion in Alternative Assets Under Administration

Sep 12, 2013
Jing Chen

Citi announced Thursday that its fund administration unit has exceeded $500 billion in alternative assets.

Citi Hedge Fund Services said in a statement that the $500 billion figure includes over $300 billion in hedge fund assets under administration, and over $200 billion of committed private equity capital under administration. Hedge funds assets under administration was at just below $270 billion in December of last year.

The unit’s global head of hedge fund services Mike Sleightholme and global head of private equity services Joe Patellaro both attributed the growth rate to the firm's enhanced solutions across its global platform.

Citi Hedge Fund Services is listed as the fifth largest hedge fund administrator in eVestment’s Q2 2013 eVestment Hedge Fund Administrator Survey.

 

Source: 

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