New prime brokerage mandate for Citi 19 April 2012London Reporter: Georgina Lavers
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Citigroup has been appointed by Adelante Asset Management, the emerging markets hedge fund manager based in the UK, to provide prime brokerage, fund accounting and transfer agency services for Adelante’s Cayman-domiciled emerging debt and equities funds.
Sanjiv Sawhney, global head of fund services at Citi Transaction Services said: “With a global footprint and a leading platform in emerging markets, Citi can leverage the breadth of its product offering among its Prime Finance and Securities and Fund Services divisions to assist emerging markets hedge fund managers and support their growth strategies across various asset classes and geographies.’’
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