{"id":27471,"date":"2012-02-17T07:17:10","date_gmt":"2012-02-17T12:17:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27471"},"modified":"2012-02-17T07:17:10","modified_gmt":"2012-02-17T12:17:10","slug":"citigroup-to-let-managers-take-stakes-in-its-hedge-funds-as-volcker-looms","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2012\/citigroup-to-let-managers-take-stakes-in-its-hedge-funds-as-volcker-looms.html","title":{"rendered":"Citigroup to Let Managers Take Stakes in Its Hedge Funds as Volcker Looms"},"content":{"rendered":"<p>Bloomberg &#8211; Citigroup Inc. (C), the third-biggest\u00a0U.S. bank\u00a0by assets, will let managers of its hedge funds own part of the business ahead of rules that limit shareholders\u2019 cash in the unit, Chief Operating Officer\u00a0John Havens\u00a0said.<\/p>\n<p>Employees in the\u00a0Citi Capital Advisors\u00a0division, or CCA, will get a \u201csignificant\u201d stake in managing the funds, Havens said in an interview. This will increase, he said, as\u00a0New York-\u00a0based Citigroup withdraws its own money and attracts outside investors to comply with the Volcker rule, which restricts deposit-taking banks from making bets with their own capital.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-02-17\/citigroup-s-havens-says-managers-to-own-part-of-hedge-fund-unit.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Citigroup Inc. (C), the third-biggest\u00a0U.S. bank\u00a0by assets, will let managers of its hedge funds own part of the business ahead of rules that limit shareholders\u2019 cash in the unit, Chief Operating Officer\u00a0John Havens\u00a0said. Employees in the\u00a0Citi Capital Advisors\u00a0division, [&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-27471","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27471","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=27471"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27471\/revisions"}],"predecessor-version":[{"id":27473,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27471\/revisions\/27473"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}