Precy Dumlao, Opalesque Asia:
Investment bank Citigroup Inc. offloaded more than $6bn in hedge fund and private equity assets over the past month, in compliance with the Volcker Rule that sets a cap on alternative investments, people familiar with the deals told The Wall Street Journal.
Citigroup sold its $4.3m private equity fund Citi Venture Capital International for an undisclosed amount to private equity fund Rohatyn Group which is led by Nick Rohatyn, The Journal said.
The bank sold a $1.9bn emerging market hedge fund to the fund’s managers on August 9. It also sold the ......................
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