Managed futures firm, Crabel Capital Management, has named Citi as fund administrator, Hedge Funds Review reports. Citi will offer independent fund administration services, including portfolio accounting, daily P&L and weekly and monthly net asset value calculation.

Citi, which has been expanding its operational support services for hedge funds, will boost Milwaukee-based Crabel’s operating efficiency, minimize risk and will help control costs. In addition to fund administration and accounting, Citi’s back office services for hedge funds include collateral management, cash management and risk reporting products.

Click here for the story from Hedge Funds Review.