Former Citi Execs. Launch Fund Of Funds

Feb 27 2012 | 4:01am ET

A pair of former Citigroup executives have set up a fund of hedge funds in Italy.

Panfilo Tarantelli and Sergio Ascolani founded Tages Capital in Milan last year. The two did not exactly start the new firm from scratch, instead buying UBI Pramerica's alternative investment business in October, Financial News reports.

Tarantelli was head of investment banking at Citi and vice chairman of Citi Europe. Ascolani ran Italian banking at the firm.

Tages recently won authorization from British regulators. The firm boasts eight professionals authorized by the U.K. Financial Services Authority, including chief investment officer Salvatore Cordaro.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...