The Citco Group Limited, an international financial services company headquartered in Amsterdam, the Netherlands, announced today that it entered into a joint venture with JKP Partners of Valley Forge, Pa. to provide transfer agency, fund accounting, administration, legal and compliance services to U.S.-based mutual fund companies.

The new company will be named CITCO-Quaker Fund Services and will begin operations July 1, according to Citgo. Citco currently provides the back office administrative and operating services for 600 offshore funds domiciled overseas, as well as several prominent hedge funds.

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