Wednesday, 1 April 2015
Last updated 2 hours ago
Jul 2 2007 | 2:42pm ET
Citi has completed the acquisition of hedge fund and private equity firm Old Lane Partners, following regulatory approval. Old Lane will now operate as part of Citi Alternative Investments.
Old Lane has total assets under management and private equity commitments of approximately $4.5 billion.
Citi Alternative Investments is an alternative investment platform that manages a wide range of products across four asset classes, including private equity, hedge funds, real estate and structured products. CAI manages capital on behalf of Citi, as well as third-party institutional and high net worth investors. As of March 31, CAI had approximately $53.7 billion of un-levered assets under management.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…