Tag:
Old Lane
Latest Headlines
Latest Headlines
Big banks still seeking hedge fund gold
The blow up of Old Lane at Citigroup highlights the trickiness involved in setting up a top hedge fund operation at a big bank. The notion has long been that hedge funds are better off independent, as they can break through the bureaucracy of a big bank. We've certainly seen a lot of big b
Pandit's hedge fund not faring well
The news that Citigroup will essentially wind down Old Lane, the hedge fund firm that Citigroup bought for $800 million, may stand as an omen. The fund--which was started by Vikram Pandit, who now heads the bank--has been a turkey for investors. Forbes notes that the fund fell 4 percent. I
