NWI Management, a New York-based investment adviser, has awarded Citi a new mandate to provide hedge fund administration services.
The mandate covers private investment funds totaling over $3.1 billion in assets as of 1 May 2013. NWI managed a total of over $4.2 billion in assets as of 1 May 2013 for funds and accounts that generally follow discretionary global macro strategies with a focus on emerging markets.
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"Citi’s fund administration solution offers a compelling depth and breadth of capabilities that make Citi an industry leader," said Hari Hariharan, CEO and chairman of NWI.
"Furthermore, Citi is committed to continued investment in administration technology and operations, enabling them to meet evolving regulatory and investor requirements. As a premier global financial institution, Citi has been a key business partner for NWI since our inception, and we value their expertise across a wide range of asset classes. This new mandate builds upon that successful relationship."
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