A Citigroup Investment Chief Is Shutting a Hedge Fund Date: - TopicsExpress

A Citigroup Investment Chief Is Shutting a Hedge Fund Date: 2007-09-06 , By ERIC DASH Citigroup said yesterday that it was shutting its Tribeca Global Investments hedge fund, in the first significant move since Vikram S. Pandit took over its alternative investment group. The move is intended to eliminate about 50 jobs and improve performance as the division absorbs Old Lane Partners, a similar investment fund that Citigroup bought

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