Oct 25, 2012
Citco Fund Services awarded Best Technology and Best Administrator Awards at HFM Week’s Hedge Fund Service Awards
Citco Fund Services, (“Citco”) the global leader in administration services in the alternative investment industry, won “Best Administrator Technology” and “Best Administrator - over $30bn Overall” awards at HFM Week’s US Hedge Fund Service Awards ceremony in New York on 18 October.
Citco took the prestigious Best Administrator award for the second year running, following the success of winning the same award at the European ceremony in March and in the US last year.
Commenting on the awards William Keunen, global director of Citco Fund Services said “We are delighted to receive this recognition; it demonstrates our continued commitment to delivering state of the art technology to our clients. We are also very honoured to be recognised once again as the best administrator among our peers”.
On awarding the “Best Technology Administrator” judges commented “With more reporting hurdles for managers and greater investor expectations for transparency, Citco has risen to the challenge and provided a suite of new services to clients. The judges were impressed by the firm’s ability to listen, innovate and invest in solutions that meet the real needs of clients.”
The judges concluded that on Best Administrator award “Once again Citco proved a compelling force in this category. The scale of the business remains impressive, but the judges were particularly impressed by how reactive it could be. They suffer from none of the problems associated with scale, the judges said, Citco remains fleet footed and responsive to client needs.”
The awards follow Citco’s dominance in the US as the undisputed market leader for the fourth consecutive year in Absolute Return’s annual survey of hedge fund administrators.