ESL Boosted Citi Bet, Hit By Losses

Aug 15 2007 | 7:39am ET

ESL Investments, reportedly buffeted by losses, hiked up its stake in Citigroup earlier this year.

The hedge fund, run by Edward Lampert, boosted its Citi holdings to 24.8 million shares during the second quarter, a 63% increase from the 15.2 million in the first quarter.


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