OGI mandates Citi, readies new fund

Japan-based OGI Capital Partners has had a busy few months. Since launching in July, it has raised $38 million for its Japanese long-only and long/short equity funds and its venture capital fund.

It has also just chosen Citi as its fund administrator and custodian and this month will launch another fund, a global macro strategy with $30 million in AUM. OGI says it switched from "one of the leading fund administration companies", due to Citi's "quality of services, local responsiveness in Tokyo and pricing".

Naoya Takahashi, head of the OGI's fund management group and sales and marketing, says: "As we continue to expand and launch new funds, we expect considerable rigour, transparency and accountability from our administrator. The strength of Citi's solution offering and its global operational platform, combined with strategic focus on client service, was a natural fit for us."