Friday, 27 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…