Service Providers
Citi Bails Out Six Funds
March 12, 2008
Citigroup has been forced to bail out six more hedge funds, to the tune of $1 billion. The Wall Street giant has poured $1 billion into its ASAT Finance and MAT Finance funds.
The $15 billion funds have been hard-hit by volatility in the municipal bond markets.
Citi committed an additional $400 million to the funds, after they had burned through $600 million provided by the bank to allow them to keep trading and meet margin calls.
Earlier this year, Citi had to bail out its CSO Partners hedge fund with a $100 million capital injection, and it also had to provide a $500 million line of credit to its Falcon Strategies hedge funds to keep them afloat.
- Share:
-
-
-
-
-
-
-
-
-
-
Print This
Send This
ReprintsMore News
- Steel Wins Dismissal Of Icahn Bid To Block Restructuring
- Madoff Lieutenant Moved To Suburban Jail
- Jupiter Puts New Star Hire On Top Fund
- Dynamic Decisions Case: Are Feeder Funds Benefiting By Calling It Fraud?
- Alleged Pequot Tipster Said Samberg Sought Insider Information
- Odey Cuts Back On Stocks After Big October Loss
- Petters Takes The Stand, Points Fingers
- Oaktree In $250 Million Bond Sale
- Harbinger Sells Off More Times Shares
- Gartmore Set To Float on LSE In December
- List Of New Goldman Sachs Managing Directors
- Buy-Side Traders Fear ‘Unintended Regulatory Consequences’
- Touradji Blames ‘Disgruntled’ Ex-Employees For Amaranth Lawsuit
- Phibro Seeks Hedge Fund Investors As Sale Nears
- Bank Break-Up Rule Would Apply To Hedge Funds
Sign Up For FINalternatives
Upcoming Events
This Week's Most Viewed
Guest Contributor
Dynamic Decisions Case: Are Feeder Funds Benefiting By Calling It Fraud?
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
- Part I: Hedge Fund Due Diligence -- Insider Trading
- Mandatory Forex Registration Looms Large
- Leveling the playing field? House Committee Approves SEC Registration For Some Private Fund Advisers, Exempts Others
More guest contributors
Cleantech Corner
Report: World’s Biggest Firms Still Bullish on Cleantech
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...
- New Private Equity Firm To Focus On Cleantech Sector
- Soros Announces $1 Billion-Plus Commitment To Clean Energy
- Ambienta Raises $317 Mil. Environmental Fund
More Cleantech
