Citadel Solutions Implements Asset Control to Support its Growing Customer Base

New York, November 3 (ots/PRNewswire) -

- Asset Control's AC Plus Streamlines Data Capture and
Standardizes Distribution

Asset Control, a world-wide leader in financial data management
solutions, today announced that Citadel Solutions LLC, a wholly-owned
independent subsidiary of Citadel Investment Group, LLC, has
implemented Asset Control's AC Plus data management software.

Citadel Solutions delivers Operational Alpha(R) to hedge funds
through its technology-driven hedge fund administration services and
uses AC Plus as a primary data management platform for supporting its
fast growing fund administration business.

AC Plus supports Citadel Solutions' middle- and back-office
services through the delivery of market data to Citadel Solutions'
proprietary fund administration system. By combining this proprietary
technology with the AC Plus' flexible data model, Citadel Solutions
has the ability to perform a broad range of critical data analyses.
AC Plus provides Citadel Solutions' hedge fund clients with faster
time to market in servicing new products regardless of complexity,
along with increased transparency and the ability to scale easily for
rapid growth.

John Buckley, president of Citadel Solutions, said, "Having
proved the superior value of robust middle- and back-office
technology within Citadel Investment Group, we wanted to offer this
same functionality to other hedge funds in the early stages of
growth. AC Plus was quick and easy to implement, while providing a
robust foundation that is flexible and extensible enough for the
diverse and varying needs of our clients."

Phil Lynch, Asset Control's president and chief executive
officer, said, "Citadel Solutions' decision to use AC Plus for its
fund administration services demonstrates the value of robust data
management and its potential to generate revenue. Asset Control helps
to take the operational burden out of data management, with Citadel
Solutions as an example of a firm that is harnessing AC Plus'
capabilities to streamline data capture and standardize its
distribution. By using AC Plus to enrich the platform it provides,
Citadel Solutions is able to gain a competitive advantage through the
application of advanced technologies."

About Citadel Solutions

Launched in 2007, Citadel Solutions provides technology-driven
fund administration and reporting services to hedge funds that
operate across a broad range of investment strategies. With
approximately $30 billion in assets under administration, Citadel
Solutions leverages Citadel's best-in-class infrastructure and
leading-edge technology to provide Operational Alpha(TM) to its
clients.

About Asset Control

Asset Control provides centralized data management solutions for
financial institutions worldwide. From business-entity to firm-wide
projects, Asset Control offers a strategic reference and market data
platform that delivers the accuracy, consistency and relevancy firms
need to reduce costs and risk, manage evolving compliance needs, and
accelerate the delivery of new products and services. A Fidelity
Ventures company, Asset Control serves some of the world's most
successful financial institutions. For more information, visit
http://www.asset-control.com.

Trademark Information: Asset Control, the Asset Control logo and
AC Plus are trademarks or registered trademarks of Asset Control
Systems, Inc. or its subsidiaries or affiliates in the U.S. and/or
other countries. All other trade names are trademarks or registered
trademarks of their respective holders.

ots Originaltext: Asset Control International
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Press Contacts:,Asset Control, Eric Hazard, Intermarket
Communications, +1-212-754-5610, ehazard@intermarket.com; Citadel,
Kathy Fieweger, +1-312-861-4710, kathy.fieweger@fd.com