Citi Closes Quantitative Hedge Fund

Jun 2 2011 | 3:31pm ET

Citigroup has shuttered an internal quantitative hedge fund as the bank continues to slough off proprietary trading operations.

Citi closed its Quantitative Strategies fund in April, after naming fund manager Shakil Ahmed head of electronic market-making. The fund managed $400 million, all of it internal capital.


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