Citi announced Wednesday that hedge fund Sandalwood Securities has selected it for a full suite of hedge fund-of-funds administration and custody services.

“After a thorough review of service providers, two of the key factors driving our decision to select Citi were the quality of the professionals we met and Citi’s commitment to developing technology solutions,” said Ken Chapple, chief financial officer of Sandalwood Securities. “Citi’s investor services platform, and integrated fund-of-funds solution, provides us with direct, Web-based access to our investor reporting and portfolios and, as a result, additional transparency to our processes.”

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.