[10] In 1999, Citco purchased a majority interest in Quaker Securities Inc., a private institutional brokerage firm in Valley Forge, Pennsylvania.
[14] Citco in 2005 represented the largest global service provider to hedge funds, administering $250 billion in assets from 40 offices around the world.
[10][3] Citco also provided corporate and private client fiduciary services to multinational companies, financial institutions, and their professional advisors.
[2] In 2017, Citco had over 6,200 employees worldwide in Europe, North America, Australasia, and the Caribbean and in 2018 after 5 per cent growth it managed over $1 trillion in assets under administration.
[15][10][1][16] In 2003, investors in Lancer Group sued Citco for allegedly knowingly disseminating "misleading" net asset value (NAV) statements.
[17] In 2013, three Louisiana retirement systems that had invested $100 million in a hedge fund promising high returns with low risk sued Citco, which administered the deal.