November 3, 2008 - Citadel Solutions LLC, a wholly-owned independent subsidiary of Citadel Investment Group, LLC, implemented Asset Control’s AC Plus data management software.

 

Citadel Solutions 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 fast growing fund administration business.

 

AC Plus supports Citadel Solutions’ middle- and back-office services through the delivery of market data to Citadel Solutions’ proprietary fund administration system. By combining this proprietary technology with the AC Plus’ flexible data model, Citadel Solutions has the ability to perform a broad range of critical data analyses. AC Plus provides Citadel Solutions’ hedge fund clients with faster time to market in servicing new products regardless of complexity, along with increased transparency and the ability to scale easily for rapid 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.”

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