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Citigroup Dialing Back Its 'Alternative' Holdings.

Authors :
RAICE, SHAYNDI
Source :
Wall Street Journal - Eastern Edition. 9/3/2013, Vol. 262 Issue 54, pC1-C2. 2p.
Publication Year :
2013

Abstract

The article reports that financial company Citigroup Inc. has divested itself of more than $6 billion in alternative assets in order to comply with regulations that limit such holdings for banks. In August 2013 Citigroup sold a $1.9 billion hedge fund that specialized in emerging markets, as well as a $4.3 billion private-equity fund.

Details

Language :
English
ISSN :
00999660
Volume :
262
Issue :
54
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
90045985