Fortelus Capital Management
Fortelus Capital Management | Hedge Fund Bio
The following piece on Fortelus Capital Management, LP is being published as part of our Hedge Fund Tracker Tool, our daily effort to track hedge funds in the industry.
Resource #1: (11.4.08) Citi has been appointed by Fortelus Capital Management to provide hedge fund administration services to Fortelus' distressed debt fund. Fortelus is a UK-based firm with more than USD500m in assets under management that provides equity and debt capital for businesses in transition.
Citi will provide hedge fund accounting, administration and investor services through its Global Transaction Services unit from offices in Roseland, New Jersey and the Cayman Islands.
'It is a privilege to be chosen by Fortelus and we are very pleased that they are using our services to administer funds that trade complex securities,' says Bob Wallace, Citi's global head of fund services. 'We look forward to this partnership and supporting their growing business in this space.'
Fortelus operations manager Andy Low says: 'Citi is a firm with global presence and the expertise to meet the challenges of the daily accounting operations. They have the right technology and people to provide the best service for our distressed debt fund.' Source
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