San Antonio, TX (PressExposure) October 30, 2009 -- Citiâs Securities and Fund Services, a division of Global Transaction Services, has been appointed by Japan-based asset manager OGI Capital Partners, Ltd., to provide hedge fund administration and custody services. For OGI Capital Partners, Citiâs Securities and Fund Services now services three of its funds, each with distinct currency complexities, including OGI Global Macro Fund, which will be launched in October 2009. Under the deal, Citi provides the client with efficient and independent hedge fund valuation and administration services that cover an array of currencies and are delivered through on-the-ground local language support in Japan. Additionally, by partnering with Citi, OGI Capital Partners Limited now receives market-leading shareholder services, and a suite of hedge fund custody services. All service offerings included in the mandate win are backed by Citiâs award-winning technological infrastructure, including:
Multifonds Â®: a multi-currency portfolio valuation platform, which caters for the accounting and valuation of complex investment products held by hedge funds.
Paxus: a fund accounting and transfer agency system, which handles all types of performance fee calculation for hedge funds and provides shareholder record keeping and reporting.
CitiDirectÂ® Online Banking : a web-based reporting portal to enable the Fund Manager to view the custodian positions, transaction activities, as well as the fund accounting reports online.
In securing this mandate, Citi has demonstrated its commitment in providing market-leading securities and fund services to clients in Japan and its ability to tailor solutions to meet complex requirements.
Naoya Takahashi, Senior Managing Director, Head of Fund Management Group and Sales & Marketing, OGI Capital Partners Limited, said: âAs we continue to expand and launch new funds, we expect considerable rigor, transparency and accountability from our administrator. The strength of Citiâs solution offering and its global operational platform, combined strategic focus on client service, was a natural fit for us.â
Kay Sprague, Director, Regional Head of Alternative Investment Services, Asia Pacific, Citi said: âBy partnering with OGI Capital Partners Limited, Citi Securities and Fund Services has achieved a significant milestone for our hedge fund administration business in Japan. Through our ability to tailor, service complex investments and currencies and provide local support, Citiâs hedge fund proposition is clearly making inroads in this complex and dynamic market.â