Tag:
Claren Road
Latest Headlines
Latest Headlines
Citi's new hedge fund strategy?
Claren Road's performance has been solid this year; the New York hedge fund is up 20 percent on a total return basis after gaining 10 percent in 2008, according to MarketWatch . So why did Citigroup exit the fund, redeeming its stake for $250 million?
Well, Citigroup, 34-percent owned by th
Top banks still building hedge fund units
The time is ripe for hedge funds deals. Despite some big issues for credit-related funds and some high-profile macro funds, top banks are taking the opportunity to expand their presence. Goldman Sachs  continues to rebuild after its near-disasters last year. Financial News Online reports
