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28 Feb 2008

Offering sets new standard in hedge fund management

Hedge fund affiliate, Citadel Solutions, today announced a partnership with Bloomberg to provide hedge fund administrative services through the Bloomberg terminals used by traders.

With more than $30 billion in assets under administration, Citadel said the package will diversify their revenue. Citadel described the product as a "hedge fund in a box."

John Buckley, President of Citadel Solutions, said, "We've greatly simplified the set-up of managing a hedge fund, allowing our clients to focus on what they do best, trading, and not focus on administration."

Launched in 2007, Citadel Solutions is an affiliate of Chicago-based hedge fund Citadel Investment Group, they provide technology-driven fund administration and
reporting services to hedge funds.

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