22.03.2010 - Citi to double team helping institutional hedge fund investment
From Businessweek.com: Citigroup Inc plans to double the size of a team helping pension and government-backed funds manage direct hedge fund investments. Pensions, sovereign wealth funds and foundations, which are emerging as the largest allocators, may increasingly bypass the traditional fund-of-funds investing for more direct investment in hedge funds. The targeted increase of the now 30-person consulting team may be completed within 18 to 24 months, London-based Roe said in an interview in Hong Kong on March 19. Asia may get a disproportionate number of the additions as the bank expands the services from Europe and the U.S. to the region........................................Full Article: Source
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