Tue, Jan 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Citi Private Bank office in Greenwich, CT to target hedge fund and alternative investments community

Monday, March 10, 2014

Komfie Manalo, Opalesque Asia:

Citigroup named Keith Gertsen managing director and team leader of its Citi Private Bank in Greenwich, with one main task – to persuade some of the biggest hedge fund players to entrust their personal money with Citi. Citi Private Bank is the wealth-management wing of Citigroup that caters "ultra-high-net-worth" clients with investable assets of at least $25m.

And Gertsen has chosen his office well. He occupies an office at the second floor on Steamboat Road across Greenwich Harbor very near Bell Haven where three of Connecticut’s billionaires reside.

"It's commonly believed, and certainly in our research, that about 75 to 80 percent of the world's hedge fund assets are managed in a 60-mile radius of New York City," Gertsen told the Stamford Advocate.

Next to his office is the $2bn Blue Harbour Group, Stephen Mendel, the founder of Lone Pine Capital with a personal net worth of $2.1bn is just a stroll up from Steamboat and Andreas Halvorsen, founder of Viking Global Investor and who Forbes magazine listed as someone worth $2.3bn, is also nearby.

Peter Charrington, CEO of Citi Private Bank, North America was quoted as saying in an email, "The work Keith's group is doing in Greenwich -- as well as in markets like Boston and Florida and Texas -- is also critical to our strategy to deep......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r