{"id":7646,"date":"2008-05-05T00:00:00","date_gmt":"2008-05-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"pandits-hedge-fund-to-be-restructured","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2008\/pandits-hedge-fund-to-be-restructured.html","title":{"rendered":"Pandit&#8217;s hedge fund to be restructured"},"content":{"rendered":"<p>Reuters- Citigroup Inc said it is looking at restructuring Old Lane, a hedge fund co-founded by Vikram Pandit, the bank&#8217;s chief executive. <\/p>\n<p>Nearly all investors unaffiliated with the fund have requested to redeem their money from the fund, Citi said in a regulatory filing.<\/p>\n<p>Citi bought Old Lane last year for more than $600 million, but the fund&#8217;s performance has since been disappointing. Citi wrote down $200 million of intangible assets linked to the acquisition in the first quarter.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/mergersNews\/idUSN0231664920080503\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Citigroup Inc said it is looking at restructuring Old Lane, a hedge fund co-founded by Vikram Pandit, the bank&#8217;s chief executive. Nearly all investors unaffiliated with the fund have requested to redeem their money from the fund, Citi said [&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-7646","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7646","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=7646"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7646\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}