ft.com - 16 days ago
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By Henny Sender and Francesco Guerrera in New York Published: November 6 2009 00:01 | Last updated: November 6 2009 00:01 Citigroup is poised to relaunch the unit containing its troubled hedge fund operations after nearly two years of poor performance, internal strife and investor unrest. People ...
nymag.com - 16 days ago
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nymag.com —
Citigroup is set to relaunch the unit that
oversees all of its hedge fund operations — Vikram
Pandit's old stomping grounds — but one of the biggest problems is picking a name for the damn thing. Citi Alternative Investments, as it's called now, is ...
(more)
Citigroup Wants to Relaunch Hedge Fund Unit But Can't ...
hf-implode.com - 13 days ago
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hf-implode.com —
``The move comes after two years of performance
problems and investor unrest at the unit, Citi Alternative
Investments. Now, it seems, the only problem facing Citigroup executives is what to name the unit, which has $14 billion of assets under management.''
(more)
Citi Said to Eye Relaunch of Hedge Fund Unit
dealbook.blogs.nytimes.com - 11 days ago
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Friday links: the risk trade
Abnormal Returns —
... Hathaway (BRK-A) bonds may go down even though its credit ratings are dropped due to the Burlington Northern (BNI) deal. (Bloomberg)
What will Warren Buffett’s eventual successor do with the soon to be acquired Burlington Northern? (Abnormal Returns)
Second time is a charm? Citigroup (C) plans to relaunch its hedge fund operations. (FT, Dealbreaker, Daily Intel) ...
Citi to relaunch troubled unit
FT Alphaville —
Citigroup is poised to relaunch a unit containing its troubled hedge fund operations after nearly two years of poor performance and internal strife. Citi executives wanted to change the name of the unit ? which has $14bn under management and includes private equity operations ? from Citi Alternative Investments to Citi Capital Advisors, following months of wrangling with CAI’s management. Some executives feared that dropping the Citi name could be a prelude to more drastic action such as spinning off CAI’s hedge fund operations.
Citigroup Eyes Relaunch of Hedge Fund Unit, Report Says
DealBook —
... Citi Alternative Investments. Now, it seems, the only problem facing Citigroup executives is what to name the unit, which has $14 billion of assets under management. The Financial Times, citing people close to the situation, said that the company was looking to change the name to Citi Capital Advisors. Some of the unit’s executives wanted to drop the Citi name all together, but others feared that droppig te bank’s name would suggest that Citigroup was looking to get rid of the unit. Go to Article from The Financial Times » ...
Opening Bell: 11.06.09
Dealbreaker —
Schottenfeld Draws Scrutiny After Goffer Arrest in Insider Case (Bloomberg)
Zvi "Octopussy" Goffer's employer has stated on previous occasions that this sort of thing is not cool but apparently no one was listening when he laid down the law. "There is no place at our firm for individuals who violate the securities laws," Schottenfeld's chairman, Richard Schottenfeld, said in an April 2008 statement.
Citi To Relaunch Troubled Hedge Fund Unit (FT)
Oh but don't worry about people with good memories. C's got a plan to throw them off the trail: ...
Today’s Best Market Rumors (11/6/2009) (RTP)(BHP)(BRK.A)
24/7 Wall St. —
... Updated throughout the day. Citigroup (NYSE:C) will re-launch some of its least successful hedge funds (FT) The stock market ...
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