Tribeca Global Management was founded three years ago to be Citigroup’s flagship hedge fund. But the shuttered group will leave barely a trace.
Just four of Tribeca’s 20 fund managers remain with Citi.
The Wall Street giant closed Tribeca last month, after spending hundreds of millions of dollars to buy $4 billion hedge fund Old Lane and installing founder Vikram Pandit as head of Citi Alternative Investments.
The Tribeca survivors are merger arbitrage trader John Park, convertible arbitrage specialist Andrew Wang, event-driven and merger arbitrage specialist Jeremy Davies and Asian credit trader Aashish Ponda.