Jack Lew Oversaw Up to 113 Cayman Island Investment Funds
5:08 PM, FEB 13, 2013 • BY DANIEL HALPER
weeklystandard.com
Jack Lew, who has been nominated as the next treasury secretary, oversaw up as many as a hundred Cayman Island investments when he worked at Citi Bank as chief operating officer of the alternative investment services unit, SEC disclosures reveal. It has previously been reported that Lew himself had been invested in a fund that was based in the Cayman Islands.
"To meet your complex hedge fund, fund of hedge funds and private equity fund needs, Citi is your single provider with market-leading experience, global reachand state-of-the-art technology. Our unmatched worldwide presence, economies of scale and comprehensive portfolio of solutions enable us to deliver uniformly integrated services, create administrative efficiencies and reduce operating costs," Citi's description of the alternative investment services unit reads.
"Our end-to-end solutions provide services to multiple product structures. Whether you are a stand-alone, master feeder, umbrella fund, corporate entity, separately managed account, unit trust, family office or SICAV we provide the solutions you need so that you can focus on your core competencies. We also provide fully integrated services to funds domiciled in all major jurisdictions." |
