Citigroup has launched an administration business hedge fund in Asia Pacific. The service will benefit hedge fund managers by easing their administration burden. Clients will be outsourcing their administration requirements to Citigroup. Hedge fund managers increasingly want an integrated service provider.
The combination of prime brokerage and alternative investment administration services means Citigroup is able to offer clients the complete transaction banking service. From fund administration to global custody and cash management to prime brokerage, Citigroup can now offer the full service to clients in Asia Pacific.
Read my previous post titled “Hedge Fund Collapse May Trigger Financial Debacle” to get interesting information about hedge fund.
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