Friday, 3 July 2015
Last updated 3 hours ago
Aug 17 2011 | 12:51am ET
Citigroup’s alternative investments unit has acquired hedge fund DiMaio Ahmad Capital’s collateralized loan obligations business.
New York-based DiMaio Ahmad transferred management of four CLOs managing a combined $2 billion to Citi Capital Advisors, Citi said yesterday. The move more than doubles the amount of CLO assets managed by CCA to $2.8 billion.
“The acquisition of DA Capital’s CLO business is of strategic value to Citi Capital Advisors as we further leverage our expertise and infrastructure in fixed-income credit,” co-CEO Jim O’Brien said.
Terms of the deal were not disclosed.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…