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

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


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