Citi Surpasses USD500bn in alternative AUM

Date: Monday, September 16, 2013
Author: HedgeWeek

Citi has surpassed USD500 billion in alternative assets under administration – over USD300 billion in hedge fund assets under administration, and over USD200 billion of committed private equity capital under administration.

“Our leading solutions across the hedge fund and private equity asset classes have positioned us well to capitalise on the ever increasing trend towards convergence of styles in alternative asset management,” says Mike Sleightholme, Global Head of Hedge Fund Services, and Joe Patellaro, Global Head of Private Equity Services, in a joint statement. “As institutional investors continue to demand more operational capabilities from their alternatives managers, Citi is there to provide superior solutions across our global platform. These factors have been a growth engine for our businesses.”

This is a significant milestone for Citi and shows that clients are embracing the cutting edge technology and tailored services needed to grow their businesses.

Recent hedge fund mandates awarded to Citi include Mackenzie Investments Pte Ltd, the Singapore–based subsidiary of a leading Canadian asset manager, while recent private equity mandates include Delta Partners, a leading management advisory and investment firm.

Citi also launched its private equity services in Luxembourg through a dedicated Centre of Excellence for closed-ended funds, allowing the bank to provide end-to-end private equity servicing solutions in the growing Europe, Middle East and Africa (EMEA) market.