Citigroup sensing hedge fund activists at the gate?

The top executives at Citigroup have apparently heard rumors that shareholder activists are getting even more interested in Citigroup. The notion that some hedge funds would seek change, either at the top of the command chain or at various break-up possibilities is not far fetched. Big stakeholders have been restless for a while now. The issue has bubbled forth in the wake of the ABN Amro battle, which was sparked by The Children's Investment Fund, an activist investor group. Executives are apparently of a mind to step up investor relations campaigns, which they should have done a long time ago. One hedge fund manager suggests that shareholders would be served well if the bank were to break up: forming groups focused on domestic consumer finance, global consumer finance, investment banking, and wealth management. Charles Prince has argued that there is synergy in the combination, but he has yet to unlock it.

For more:
- here's the Financial Times article