Altera appoints Citi to provide prime brokerage services
06 April 2012 Moscow
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Citi have been appointed by Altera Absolute Russia, the Cayman-based fund, to provide prime brokerage, fund accounting and transfer agency services.
Altera Capital is an event-driven, long/short equity fund advisor primarily focused on highly liquid Russia and CIS-related equities with some additional investments in fixed income, FX, commodity futures, international indices and derivatives.
Viatcheslav Pivovarov, chief executive officer, Altera Capital said: "I am confident that partnering with Citi is an important step to build a world-class platform and help global institutions achieve their investment objectives with Altera Absolute Russia Fund".
Sanjiv Sawhney, global head of fund services, Citi’s Global Transaction Services added: "We look forward to helping Altera achieve their growth plans and make efficiency gains while reducing operational complexity. This mandate is a testament to Citi’s continued success in developing strong relationships with hedge fund managers in Emerging Markets and supporting multi-asset strategies. It also highlights our ability to leverage cross-selling opportunities through the solid partnership between Citi’s Prime Finance and Securities and Fund Services divisions."
Altera Capital is an event-driven, long/short equity fund advisor primarily focused on highly liquid Russia and CIS-related equities with some additional investments in fixed income, FX, commodity futures, international indices and derivatives.
Viatcheslav Pivovarov, chief executive officer, Altera Capital said: "I am confident that partnering with Citi is an important step to build a world-class platform and help global institutions achieve their investment objectives with Altera Absolute Russia Fund".
Sanjiv Sawhney, global head of fund services, Citi’s Global Transaction Services added: "We look forward to helping Altera achieve their growth plans and make efficiency gains while reducing operational complexity. This mandate is a testament to Citi’s continued success in developing strong relationships with hedge fund managers in Emerging Markets and supporting multi-asset strategies. It also highlights our ability to leverage cross-selling opportunities through the solid partnership between Citi’s Prime Finance and Securities and Fund Services divisions."
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