Not Much Left: Just Four Tribeca Managers Stay At Citi

Oct 9 2007 | 7:00am ET

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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…