Napier Park To Leave Citi HQ

Jun 24 2014 | 7:05am ET

Napier Park Global Capital is cutting another tie with former parent Citigroup.

The hedge fund, spun off last year as the bank moved to come into compliance with new U.S. regulations limiting alternative investments activities, will leave Citi’s New York headquarters this summer. Napier Park will head four blocks south, from 399 Park Avenue to 280 Park Avenue, where it has signed a 10-year lease for 25,000 square feet of space.

Napier Park’s neighbors in its new home include Blue Mountain Capital and Promontory Financial Group.

“The new space has been built out specifically to accommodate our needs as a growing business,” Napier Park chief operating officer Michael Williams said. “The combination of location, purpose-built space and attractive lease terms mark this a great move for Napier Park.”

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...