Nexum Appoints Citi to Service Luxembourg Domiciled Hedge Fund
Citi has been appointed by Nexum to service its Luxembourg domiciled hedge fund. Citi will act as fund administrator, transfer agent and custodian while providing prime brokerage services and compliance monitoring. The solution is live and all assets have been migrated onto Citi’s common funds administration and custody platform in Luxembourg. Citi currently has US$42bn of alternative assets under administration and has recently announced the formation of Hedge Fund Services, a joint venture between Citi capital markets and transaction services to provide hedge fund clients with an integrated offering that includes financing, prime brokerage, consulting, administration services and operational support.