Relevant:
- Citigroup's hedge fund headaches: two blowups, low returns and redemptions at another
- White House Offers Bill to Restrict Big Banks’ Actions
- Citigroup Considers Changes at Phibro
- Citi Hedge Fund Blow Up Hurts Clients—And Sends Advisors Packing
- Institutions drop funds of funds for direct hedge fund investments
2009-10-11 — seekingalpha.com
``Citigroup is right to rid itself of the operation, not because of pay but because federally-insured institutions have no business bankrolling hedge funds.''
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