Wolverine Asset Management Picks Citadel Solutions as Fund Administrator

Hedge fund manager selected Citadel for its solid technology and experienced team, according to Wolverine's president.

Chicago-based hedge fund manager Wolverine Asset Management chose Citadel Solutions as its new, full-service third-party fund administrator for its $650 million in assets. The decision followed a thorough evaluation of a number of leading administrators across the country, according to Citadel in the company’s release.

“After considering several top administrators, we chose the firm that we believe will add the most value and help us drive our business forward,” stated Wolverine's CEO Christopher Gust in the release. “Citadel Solutions has solid technology combined with an experienced team, and we look forward to working together,” Gust added in the release.

Wolverine offers structural arbitrage strategies to hedge fund investors and seeks to identify arbitrage opportunities in bond, equity and derivatives markets using its proprietary modeling, technology and execution platform.

“Wolverine has built a successful model by leveraging the latest technology and attracting highly talented people. We are very pleased to work with their team as we support their platform and create opportunities together,” stated John Buckley, Citadel Solutions’ president in the release.

Citadel Solutions, founded in 2007, is an independent hedge fund administration business that builds upon the infrastructure and proprietary technology of Citadel Investment Group.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio