Citi has won a new mandate to provide hedge fund administration services to New York-based investment adviser NWI Management (NWI).
The mandate covers private investment funds currently totalling over $3.1 billion in assets. NWI managed a total of over $4.2 billion in assets as of May 1, 2013 for funds and accounts that generally follow discretionary global macro strategies with a focus on emerging markets.
“As a premier global financial institution, Citi has been a key business partner for NWI since our inception, and we value their expertise across a wide range of asset classes,” said Hari Hariharan, chief executive officer (CEO) and chairman of NWI This new mandate builds upon that successful relationship.”
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
The dollar failed to recover against other major currencies on Monday following Friday’s disappointing US employment data announcement. This was coupled with ... read more
India's gross domestic product (GDP) growth failed to meet expectations in Q2 as it slumped to 5.7%. However, India's IT industry is thriving. It contributes roughly 10% to the country's GDP and makes up about 25% of exports.
The world’s second-biggest economy will grow faster than previously predicted over the next four years, but the rate is unsustainable unless China addresses the problem says the International Monetary Fund.