Citi (C) Expands Hedge Fund Admin Mandate with Kayne Anderson CA (KYN)

December 4, 2012 9:03 AM EST
Citi (NYSE: C) has been awarded an expanded mandate from Kayne Anderson Capital Advisors (NYSE: KYN) to provide administration services for five additional hedge funds. Citi’s total hedge fund mandate with Kayne Anderson now includes seven funds and over $2 billion in assets under administration.

Kayne Anderson is a Los Angeles-based alternative investment firm focusing in the energy, infrastructure, growth capital, real estate and middle market credit sectors.

With over $445 billion of alternative assets under administration, Citi is a leading provider of investment services that help hedge fund managers ease operational and administrative burdens. Citi’s full suite of solutions delivered through Citi OpenInvestorSM lets hedge fund managers focus on building relationships and growing their business.

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