{"id":29993,"date":"2012-07-10T02:47:43","date_gmt":"2012-07-10T06:47:43","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29993"},"modified":"2012-07-10T02:47:43","modified_gmt":"2012-07-10T06:47:43","slug":"citigroup-said-to-keep-money-out-of-own-fund-amid-volcker","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2012\/citigroup-said-to-keep-money-out-of-own-fund-amid-volcker.html","title":{"rendered":"Citigroup Said To Keep Money Out Of Own Fund Amid Volcker"},"content":{"rendered":"<p>Bloomberg &#8211; Citigroup Inc. (C) is seeking to raise money for a new hedge fund without putting its own cash into the venture, in a test of investors\u2019 willingness to buy in when the bank isn\u2019t sharing risk, said two people briefed on the plan.<\/p>\n<p>The lender, which is preparing for U.S. curbs on lenders investing their own capital, seeks to raise $50 million to $75 million from outside investors for the fund, said one of the people, who asked not to be identified because Citigroup hasn\u2019t disclosed the information publicly. The pool will trade in so- called collateralized loan obligations, or CLOs, according to marketing materials obtained by Bloomberg News.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-07-10\/citigroup-said-to-keep-money-out-of-own-fund-amid-volcker.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Citigroup Inc. (C) is seeking to raise money for a new hedge fund without putting its own cash into the venture, in a test of investors\u2019 willingness to buy in when the bank isn\u2019t sharing risk, said two [&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-29993","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29993","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=29993"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29993\/revisions"}],"predecessor-version":[{"id":29995,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29993\/revisions\/29995"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}