Back Office & Operations Mergers & Acquisitions / Joint Ventures

Citco, OpHedge join forces in fund administration


Hedge fund administrators Citco Fund Services and OpHedge Investment Services have teamed up to provide clients with enhanced fund administration and operational support. The decision comes following a review designed to match complementary partners.

The firms are hoping to combine Citco's position as a market leader - it has $550 billion in assets under administration - with the operational support capabilities for complex hedge fund strategies that are offered by OpHedge, which has $38 billion under administration.

William Keunen, divisional director at Citco, said: "We already know each other well through working together on mutual clients, our technology is