As Fund Administrator, Citi Answers the Data Question with OpenAi

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Michael Sleightholme, Citi

Since 2008, buy-side firms’ appetite for clean data delivered quickly has been insatiable. As a result, the demands that have been put on fund administrators have increased exponentially.

Perry Fatuova, director of hedge fund services at Citi, says the industry has moved from a "monthly admin-type business to a daily, real-time business" where fund administrators need to capture and confirm trades throughout the day. This is partly due to volatility in the market; it also has to do with regulato