- Chief Compliance Officer
- Chief Operating Officer
- Asian Equity Execution Trader
- Investor Relations
- Compliance Associate
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.
Hedge funds have had a rough year, dealing with rapidly deteriorating credit, housing and equities markets. More...
By Emanuel Balarie -- Managing wealth during a bull market is easy. More...