Citadel implements Asset Control's AC Plus data management software

Citadel Solutions, a wholly owned independent subsidiary of Citadel Investment Group, has implemented Asset Control's AC Plus data management software to support its growing customer base.

Citadel Solutions said that it delivers Operational Alpha to hedge funds through its technology-driven hedge fund administration services and uses AC Plus as a primary data management platform for supporting its growing fund administration business.

AC Plus supports Citadel Solutions's middle- and back-office services through the delivery of market data to Citadel Solutions's proprietary fund administration system. By combining this proprietary technology with AC Plus's flexible data model, Citadel Solutions will be able to perform a broad range of critical data analyses, according to Asset Control. AC Plus reportedly provides Citadel Solutions's hedge fund clients with faster time to market in servicing new products regardless of complexity, along with increased transparency and the ability to scale for better growth.

John Buckley, president of Citadel Solutions, said, Having proved the superior value of robust middle- and back-office technology within Citadel Investment Group, we wanted to offer this same functionality to other hedge funds in the early stages of growth. AC Plus was quick and easy to implement, while providing a robust foundation that is flexible and extensible enough for the diverse and varying needs of our clients.

Phil Lynch, president and CEO of Asset Control, said: Citadel Solutions's decision to use AC Plus for its fund administration services demonstrates the value of robust data management and its potential to generate revenue.

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