NEW YORK (HedgeWorld.com)–Citco Group rebranded its hedge funds of funds operations as Richcourt Group, which previously was the name for just its funds.
Richcourt Group, which manages US$1.2 billion, stands alongside Citco’s other major divisions, Citco Fund Services, Citco Banking and Custody Services, and Citco Corporate and Trust Services. The firm continues as a 100% owned company of Citco Group, which in turn is majority owned by the Swiss Sandoz Family Foundation, according to a statement from Citco.