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 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.
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