Designed to help alternative investment managers to cope with operational risk, the new technology allows them to act efficiently and effectively as well as invest in a much better way.
Citi hedge fund services global head Mike Sleightholme said, "Institutional investors today are demanding more transparency and visibility and through Citi OpenAi our clients have access to key aspects of operating an alternatives business in one web-based platform."
Gradually intensifying regulatory regime, increasing competition and operational complexity have made it essential to bring more transparency and have access to key portfolio data and exposures across multiple counterparties, fund structures and geographies.
Developed on an integrated data management model, OpenAi connects clients’ trading platforms seamlessly to Citi’s processing systems, third-party providers, prime brokers and market data sources, and offers them direct access to operational workflow throughout the service lifecycle.
Using OpenAi, alternatives managers have process and data visibility along with visualization tools to view and modify data online in real time, and access through mobile devices.
Administrating more than $482bn of alternative assets under administration globally, Citi provides integrated cash management, trade and securities and fund services to multinational corporations, financial institutions and public sector organizations.
