Ex-Citi Fixed-Income Chiefs Plan Hedge Fund

Jun 23 2008 | 11:27am ET

Two former Citigroup executives who oversaw some of the Wall Street giant’s huge losses are starting a hedge fund.

Randy Barker and Geoff Coley, who headed fixed-income at Citi before their departures late last year, are in the early stages of planning the fund and have spoken with some potential investors, according to Reuters. The fund is expected to focus on distressed debt and other credit strategies.

Barker and Coley are also in the market to hire traders and other staffers for the new venture.

At Citi, Barker and Coley oversaw a division responsible for a big chunk of the firm’s huge credit losses.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...