Citco wins 2017 HFM US Hedge Fund Services Award
NEW YORK, October 30, 2017 – The Citco Group of Companies (“Citco”) announced today that the firm won first place awards across two categories at the annual 2017 HFM US Hedge Fund Services Awards. Citco received the “Best Administrator – over $30bn Single Manager” and “Best Administrator – over $30bn Client Service” awards at the annual ceremony in New York on October 19th, 2017.
The HFM awards recognize hedge fund service providers for their excellent customer service and innovative product development over the past twelve months. Winners are chosen by a panel of eight carefully selected judges, each with a wealth of asset management experience and expertise.
“The Citco organization is very proud to receive these honors. They show our unwavering commitment to the firm’s two leading principles, which include tailored client solutions and best in class technology,” said Kieran Conroy, Head of Hedge Funds at Citco Fund Services. “In order to sustain and grow this legacy of technology and bespoke service, we are focused on evolving alongside our clients whose businesses are becoming ever more complex.”
Citco recently reached US $900bn in assets under administration (AUA), up from US $837bn at the end of 2016. Alternative asset managers are steadily seeking to outsource more functions, and this has driven the firm’s organic expansion. Functions include: front office risk reporting, middle office treasury and collateral management, back office financial statements, plus tax and regulatory reporting. Citco’s multifaceted administration functions, cutting-edge technology and depth of firmwide experts all provide managers with greater operational efficiency and greater transparency.