Citi has won a new mandate to provide hedge fund administration and technology processing support services to New York-based investment adviser NWI Management (NWI).
The mandate covers private investment funds currently totalling over $3.1 billion in assets. NWI managed a total of over $4.2 billion in assets as of May 1, 2013 for funds and accounts that generally follow discretionary global macro strategies with a focus on emerging markets.
“As a premier global financial institution, Citi has been a key business partner for NWI since our inception, and we value their expertise across a wide range of asset classes,” said Hari Hariharan, chief executive officer (CEO) and chairman of NWI. This new mandate builds upon that successful relationship.”