{"id":37767,"date":"2013-09-03T10:52:38","date_gmt":"2013-09-03T14:52:38","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37767"},"modified":"2013-12-10T05:30:11","modified_gmt":"2013-12-10T10:30:11","slug":"citigroup-dumps-hedge-funds-to-comply-with-vlocker-regulations","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/citigroup-dumps-hedge-funds-to-comply-with-vlocker-regulations.html","title":{"rendered":"Citigroup Dumps Hedge Funds To Comply With Volcker Regulations"},"content":{"rendered":"

\"citigroup\"<\/a>New York (HedgeCo.Net) – In order to comply with coming regulatory changes, Citigroup sold more than $6 billion in private equity and hedge fund assets in the past month, the Wall Street Journal and Reuters report.<\/p>\n

“Citigroup last week sold a $4.3 billion private\u00a0equity fund\u00a0known as Citi Venture Capital International for an undisclosed price to Rohatyn Group, a private equity fund run by Nick Rohatyn.” Reuters says. “On August 9, Citi sold a $1.9 billion emerging markets hedge fund to the fund’s managers.”<\/p>\n

Although not currently in effect, the\u00a0Volcker Rule\u00a0is a specific section of the\u00a0Dodd\u2013Frank Wall Street Reform and Consumer Protection Act\u00a0originally proposed by American economist and former United States\u00a0Federal Reserve\u00a0Chairman\u00a0Paul Volcker\u00a0to restrict banks from making certain kinds of\u00a0speculative\u00a0investments that do not benefit their customers.<\/p>\n

Volcker argued that such speculative activity played a key role in the\u00a0financial crisis of 2007\u20132010. The rule is often referred to as a ban on\u00a0proprietary trading\u00a0by commercial banks, whereby deposits are used to trade on the bank’s own accounts, although a number of exceptions to this ban were included in the Dodd-Frank law.<\/p>\n

Alex Akesson
\nFor\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – In order to comply with coming regulatory changes, Citigroup sold more than $6 billion in private equity and hedge fund assets in the past month, the Wall Street Journal and Reuters report. “Citigroup last week sold […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,3],"tags":[],"class_list":["post-37767","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37767","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=37767"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37767\/revisions"}],"predecessor-version":[{"id":39509,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37767\/revisions\/39509"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}