| Hedge Fund Giant Opens Halifax, Nova Scotia, Office |
 By Jennifer LeClaire
In late 2006, Citco Fund Services, the leading global provider of administrative services to the hedge fund industry, opened an office in Halifax that will employ up to 350 people.
“Citco is a world leader in the hedge fund industry,” said Nova Scotia’s Premier Rodney MacDonald. “We’re elated to have this global company build on the province’s reputation as a strategic financial services center and a source of educated talent.”
Citco has been established in Canada since 1992 with an office in Toronto. The opening of the Halifax office accelerates the expansion of the firm’s Canadian employment, reflecting on the strategic nature of Citco’s operations in Canada. Citco’s Halifax expansion includes the development of a new training center of excellence, which will be used to train employees from all over North America.
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