Von Aldo

Citi Shopping Its Hedge Fund Unit

A friend of mind just wrote me: "I was just told by the head of distribution at a major fund company that Citi is going to sell its hedge fund unit to Skybridge Capital and that Skybridge is going to turn the unit into a 1099 fund of funds. Translation: they’re going to turn it into a retail offering."

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish