Citi Buys DiMaio Ahmad CLOs

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.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note