Merritt Capital has awarded Citigroup a mandate to provide a suite of fund of hedge fund administration services. In particular, Citi will be delivering fund accounting, fund administration and investor services.
Citi’s offerings help fund of hedge fund managers, such as Merritt Capital, focus more of their professional, financial and technological resources on making investment decisions. Through its Securities and Fund Services business, Citi’s experts provide investors with tailored solutions delivered through proven global platforms that feature modular, open architecture.
“We were making the decision to retain an administrator for the first time and during our review of service providers we made it clear how important our investors and their requirements were to us. Citi took the time to listen to us, address our concerns and develop a programme based on the best practices in the marketplace,” said Robert Cotter, managing partner, Merritt Capital.
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