Hartford Funds selects Citi for sec lending services
02 March 2018 New York
Image: Shutterstock
Citi has been awarded a mandate to provide third-party securities lending services for certain Hartford Funds mutual funds.
Citi will oversee lending activities for funds with approximately $108 billion in assets as of 31 December 2017.
David Martocci, global head of agency securities lending at Citi, said that the partnership
demonstrates his bank’s ability to differentiate its product offering and serve the needs of a
leading investment manager.
He added: “We look forward to building a long-lasting relationship with the Hartford Funds team.”
Hartford Funds was founded in 1996. It says that using its human-centric investing
approach, it creates strategies and tools designed to address the needs and wants of
investors.
Citi will oversee lending activities for funds with approximately $108 billion in assets as of 31 December 2017.
David Martocci, global head of agency securities lending at Citi, said that the partnership
demonstrates his bank’s ability to differentiate its product offering and serve the needs of a
leading investment manager.
He added: “We look forward to building a long-lasting relationship with the Hartford Funds team.”
Hartford Funds was founded in 1996. It says that using its human-centric investing
approach, it creates strategies and tools designed to address the needs and wants of
investors.
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