Citigroup Inc. (NYSE:C) has entered into a new deal with hedge fund firm Spartus Capital Management.
Citigroup Inc. Signs Hedge Fund Deal
Under this new deal, Citigroup Inc. (NYSE:C) will deliver hedge fund middle office services to Spartus Capital Management.
Bob Wallace, North America Head of Securities and Fund Services, Citigroup Inc. (NYSE:C) said, “We are pleased that Spartus selected Citi to deliver the solutions it needs to support the fund’s success. This mandate is further evidence that Citigroup Inc. (NYSE:C) is well positioned in the marketplace to provide a comprehensive solution across a diverse range of client categories, investment strategies, and asset classes.”
Citigroup Inc. (NYSE:C) shares were at 33.68 at the end of the last day’s trading. There’s been a 11.8% movement in the stock price over the past 3 months.