| 10.07.2012 Launches – Citigroup planning to start new hedge fund minus its money, Ex-Och-Ziff duo tap Mount Kellett executive Finnerty for new Asia hedge fund, Ex-Credit Suisse Asia Pacific FX head Curtis to launch hedge fund, Longacre co-founder Jelisavcic plans spinoff |
| Citigroup planning to start new hedge fund minus its money
From Businessweek.com: Citigroup Inc. is seeking to raise money for a new hedge fund without putting its own cash into the venture, in a test of investors’ willingness to buy in when the bank isn’t sharing risk, said two people briefed on the plan. The lender, which is preparing for U.S. curbs on lenders investing their own capital |
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