July 30, 2010
Citigroup launches hedge fund admin arm in Asia
HONG KONG, Sept 12 (Reuters) - Citigroup , the world's largest bank, said on Tuesday it had launched its hedge fund administration business into Asia, hoping to win a slice of the fast growing market.
NASD Steps Up Hedge Fund Sales Probe, Seeks Data on Customers
Feb. 2 (Bloomberg) -- The NASD is expanding a probe of the world's biggest brokerage firms for possible improper sales of hedge funds to individual investors, three people with direct knowledge of the matter said.
Citi to sell hedge fund biz to SkyBridge
NEW YORK: Citigroup will sell its hedge fund business with $4.2-billion of assets to alternative investment firm SkyBridge Capital, as part of an effort to shed its non-core assets. However, financial terms of the deal were not disclosed.
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