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

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...