Sunday, 1 February 2015
Last updated 1 day ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…