Citigroup has become the second fund administrator to implement a new technology platform from youDevise in London specifically designed for servicing funds of hedge funds.

“For the benefit of servicing fund of hedge fund managers around the world, we have pulled together the entire client experience under one seamlessly integrated, globally consistent platform,” said Neeraj Sahai, global head of securities and fund services at Citi in a statement issued on Wednesday. “Managers have direct, on-line access to our custody services, our suite of middle-office solutions and all standard administrative reports, resulting in greatly improved efficiency, accuracy, transparency and risk mitigation.”

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