Citigroup May Have Lost $400M On Hedge Fund Trades – ValueWalk Premium
Citigroup

Citigroup May Have Lost $400M On Hedge Fund Trades

A series of trades in one of Citigroup's units caused a panic in July after its executives discovered that the trades could have cost the bank nearly $400 million, according to a report from The Wall Street Journal. Citing people familiar with the matter, The Wall Street Journal reports that the trades in mostly bonds were made by LNG Capital LLP, a small London hedge fund run by Louis N. Gargour.

 

Citi clawed back all of the money at risk in 3 months
According to the

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0