{"id":14254,"date":"2010-02-23T07:48:05","date_gmt":"2010-02-23T11:48:05","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=14254"},"modified":"2010-02-23T07:48:05","modified_gmt":"2010-02-23T11:48:05","slug":"hedge-funds-stuff-pockets-with-citi","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2010\/hedge-funds-stuff-pockets-with-citi.html","title":{"rendered":"Hedge Funds Stuff Pockets With Citi"},"content":{"rendered":"<p>TickerSpy &#8211; Some of the world\u2019s most prominent investors were adding to\u00a0<strong>Citigroup<\/strong> (<a href=\"http:\/\/www.tickerspy.com\/stock_quote\/C?refer=blog_2895_paulson\">C<\/a>) positions during the fourth quarter.<\/p>\n<p>After distressed shares of Citigroup helped David Tepper deliver investors gains in excess of 100% during 2009, few would have been surprised to see his Appaloosa Management hedge fund do some profit-taking towards the end of the year. Given the bank\u2019s uncertain future, the near-impossible valuation, and the increasingly harsh political climate, some would argue that paring stakes in the struggling bank would have been the smart thing to do. However, Tepper did just the opposite, increasing his Citi stake by 73% during Q4, and he was just one of\u00a0more than 100 Pros holding Citi shares among their top-15 U.S.-listed equity holdings at the start of 2010.<\/p>\n<p><strong><a href=\"http:\/\/www.tickerspy.com\/newswire\/?p=1580\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TickerSpy &#8211; Some of the world\u2019s most prominent investors were adding to\u00a0Citigroup (C) positions during the fourth quarter. After distressed shares of Citigroup helped David Tepper deliver investors gains in excess of 100% during 2009, few would have been surprised [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14254","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/14254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=14254"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/14254\/revisions"}],"predecessor-version":[{"id":14256,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/14254\/revisions\/14256"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=14254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=14254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=14254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}