• English   Deutsch   
  •  GMT      
  • LONDON      
  • FRANKFURT      
  • NEW YORK      
  • SAO PAULO      
  • TOKYO      
  • SYDNEY      
Hedge Fund Database
Morgan Hedge Fund Database



  Hedge Fund Search
Name, ISIN, Ticker:

Hedge Funds Search Detailed Search
  Hedge Fund Directories
Listed Hedge Funds:9,895
HF Professionals:16,361
Service Provider:506
Citi in talks to sell hedge fund business
  Hedgeweb - THU, FEB 25 2010
Funds & Investment Citigroup Inc. is in talks to sell its $4bn hedge fund business to SkyBridge Capital LLC, a New York firm that invests in start-up fund managers.

An agreement is expected to be reached by the middle or end of next week. But no formal agreement has been negotiated yet and the talks could still fall apart.

Citi Alternative Investments has been managing funds-of-hedge-funds since 1994. The unit is led by Raymond Nolte and employs about 30 professionals.

The deal would not include Old Lane Funds, a hedge fund business launched by Vikram Pandit in 2006 and acquired by Citigroup in April 2007.

© Morgan Hedge™ · HEDGEweb™
Morgan Hedge and HEDGEweb are Trademarks of morganhedge.com, TAA LLC and VIImedia S.A.