Ivaldi Capital, backed by Citigroup, raises $500mm for launch

September 20th, 2010
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Newly-launched investment firm Ivaldi Capital raised over $500 million from a European pension fund for a service that will allow institutional investors, including sovereign wealth and pension funds, to buy into hedge funds through managed accounts. According to Reuters, these managed accounts provide investors with greater transparency and more control over their assets.

Ivaldi Capital was founded by Citigroup (NYSE: C) veterans and is backed by the company, which owns a minority stake in the firm in addition to serving as Ivaldi Capital’s broker, administrator and custodian.
For Detailed Investor Profiles on these Investors, click below:
Ivaldi Capital
Related People: Will Potts
Related Entities: Citigroup; Ivaldi Capital
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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