{"id":7278,"date":"2008-03-11T00:00:00","date_gmt":"2008-03-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"citigroup-acts-to-bolster-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2008\/citigroup-acts-to-bolster-hedge-funds.html","title":{"rendered":"Citigroup Acts to Bolster Hedge Funds"},"content":{"rendered":"<p>New York Times &#8211; Citigroup, &nbsp;the banking giant, moved Monday to shore up six of its hedge funds pressured by a tightening in the municipal bond market, the newest problem to entangle the struggling company. <\/p>\n<p>The bank has committed to injecting $1 billion across six highly leveraged municipal bond funds with $15 billion in assets, which were sold to wealthy customers under the names ASTA and MAT. About $600 million had been provided as of last week, according to people briefed on the situation, after lenders issued a margin call in response to falling securities values.<\/p>\n<p>The effort is the latest by the chief executive, Vikram S. Pandit, to stabilize the bank, which has been ravaged by the credit crisis<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nytimes.com\/2008\/03\/11\/business\/11bank.html?ex=1362888000&#038;en=18987c8ebf2e160e&#038;ei=5088&#038;partner=rssnyt&#038;emc=rss\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times &#8211; Citigroup, &nbsp;the banking giant, moved Monday to shore up six of its hedge funds pressured by a tightening in the municipal bond market, the newest problem to entangle the struggling company. The bank has committed to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7278","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7278","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7278"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7278\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}