{"id":7759,"date":"2008-05-22T00:00:00","date_gmt":"2008-05-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"citi-offers-250m-to-hedge-fund-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2008\/citi-offers-250m-to-hedge-fund-investors.html","title":{"rendered":"Citi offers $250m to hedge fund investors"},"content":{"rendered":"<p>&nbsp;Independent- Citigroup is coming under pressure to bail out investors in one of its troubled hedge funds, in another embarrassment for a company already among the biggest losers from the credit crisis.<\/p>\n<p><!--proximic_content_off--><\/p>\n<p>&nbsp;<\/p>\n<p><!--proximic_content_on--><\/p>\n<p>The company has begun quietly asking private clients to accept a $250m compensation package, in return for dropping legal claims against the company. Banks which have sunk an estimated $1.6bn into the fund are also examining their legal options.<\/p>\n<p>The problems stem from Citigroup&#8217;s Falcon Strategies hedge fund, an investment vehicle that traded mortgage bonds, government debt and a range of credit derivatives, which began experiencing big losses when the credit markets ran into difficulties last summer. Thousands of Citigroup clients &ndash; advised to invest in the fund by brokers at its Smith Barney wealth management division &ndash; face being wiped out.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.independent.co.uk\/news\/business\/news\/citi-offers-250m-to-hedge-fund-investors-831526.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;Independent- Citigroup is coming under pressure to bail out investors in one of its troubled hedge funds, in another embarrassment for a company already among the biggest losers from the credit crisis. &nbsp; The company has begun quietly asking private [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[231,227,235,145,229,234,233,230,135,232,236,228],"class_list":["post-7759","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-buying-shares","tag-carlyle-group","tag-citing-sources","tag-curbs","tag-eton-park","tag-euro-1","tag-gloom-and-doom","tag-institutional-marketing","tag-spanish-banks","tag-speculative-investment","tag-trillion","tag-two-partners"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7759","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=7759"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7759\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}