Citi-backed Ivaldi Capital platform gets going

Thu Oct 21, 2010

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With an initial €2 billion committed from major institutions and a growing line-up of experienced fund managers, the new Ivaldi vehicle aims to offer a unique absolute return asset management platform


Ivaldi Capital, the new alternative asset management platform formed by Citi to manage alpha-generating investments for major institutional investors, has gone live with its first batch of managers and initial assets under management of €400 million.


Ivaldi owes its name to Norse mythology


Based in London, and with plans to expand into the US and Asia in due course, the Ivaldi platform is so far focusing purely on long/short European equity strategies in listed liquid equities – with three in-house teams already up and running and with the first external allocation to a third-party manager also in place.

The origin of the Ivaldi platform was an investment vehicle that Citi created in 2008 for ATP, the Danish state pension fund. The new Ivaldi vehicle went live in early September after more than a year of detailed planning.

Three investors have already signed up to the platform – led by AP4,...

ISSN: 2151-1845 / CDC10004H

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