Insurance News Net – NEW YORK–(BUSINESS WIRE)–Aug. 2, 2006– OpenPrime(SM) Provides Hedge Fund Managers with End-to-End Capabilities — Including Trading, Order and Portfolio Management and Accounting
Citigroup Corporate and Investment Banking today announced the launch of a front to back platform offering hedge funds a trading and portfolio management solution that facilitates multi-strategy, multi-asset class and multi-currency investing. Importantly, OpenPrime(SM) allows funds to go multi-prime in a secure, neutrally hosted environment.
Developed jointly with Citigroup’s Global Transaction Services and Prime Brokerage businesses, this order and portfolio management platform is backed by Linedata’s Beauchamp technology and Citigroup’s support, middle office and fund administration services. Readily available across the globe, OpenPrime(SM) will benefit funds of all sizes and strategies. It will equip funds to utilize a “one-stop” platform to manage complex portfolios and help satisfy investor and regulatory requirements by providing robust operational infrastructure.
