Citadel Solutions delivers Operational AlphaÂ® to hedge funds through its technology-driven hedge fund administration services and uses AC Plus as a primary data management platform for supporting its fast growing fund administration business.
AC Plus supports Citadel Solutionsâ middle- and back-office services through the delivery of market data to Citadel Solutionsâ proprietary fund administration system. By combining this proprietary technology with the AC Plusâ flexible data model, Citadel Solutions has the ability to perform a broad range of critical data analyses. AC Plus provides Citadel Solutionsâ hedge fund clients with faster time to market in servicing new products regardless of complexity, along with increased transparency and the ability to scale easily for rapid growth.
John Buckley, president of Citadel Solutions, said, âHaving proved the superior value of robust middle- and back-office technology within Citadel Investment Group, we wanted to offer this same functionality to other hedge funds in the early stages of growth. AC Plus was quick and easy to implement, while providing a robust foundation that is flexible and extensible enough for the diverse and varying needs of our clients.â
Phil Lynch, Asset Controlâs president and chief executive officer, said, âCitadel Solutionsâ decision to use AC Plus for its fund administration services demonstrates the value of robust data management and its potential to generate revenue. Asset Control helps to take the operational burden out of data management, with Citadel Solutions as an example of a firm that is harnessing AC Plusâ capabilities to streamline data capture and standardize its distribution. By using AC Plus to enrich the platform it provides, Citadel Solutions is able to gain a competitive advantage through the application of advanced technologies.â