Altera appoints Citi to provide prime brokerage services
Latest news
Altera appoints Citi to provide prime brokerage services 06 April 2012Moscow Reporter: Justin Lawson
Image: Shutterstock
Citi have been appointed by Altera Absolute Russia, the Cayman-based fund, to provide prime brokerage, fund accounting and transfer agency services.
Altera Capital is an event-driven, long/short equity fund advisor primarily focused on highly liquid Russia and CIS-related equities with some additional investments in fixed income, FX, commodity futures, international indices and derivatives.
Viatcheslav Pivovarov, chief executive officer, Altera Capital said: "I am confident that partnering with Citi is an important step to build a world-class platform and help global institutions achieve their investment objectives with Altera Absolute Russia Fund".
Sanjiv Sawhney, global head of fund services, Citi’s Global Transaction Services added: "We look forward to helping Altera achieve their growth plans and make efficiency gains while reducing operational complexity. This mandate is a testament to Citi’s continued success in developing strong relationships with hedge fund managers in Emerging Markets and supporting multi-asset strategies. It also highlights our ability to leverage cross-selling opportunities through the solid partnership between Citi’s Prime Finance and Securities and Fund Services divisions."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 