Citigroup to close Old Lane hedge fund
The bank will purchase the assets of the struggling fund, formerly run by Vikram Pandit, from investors.
Citigroup Inc. plans to shut down a hedge fund that was co-founded by the financial services giant’s chief executive Vikram Pandit.
New York-based Citigroup will purchase the assets of the struggling fund from investors, according to a statement released by the bank.
Citigroup agreed to buy
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