Hedge Fund News From HedgeCo.Net


Citi’s Ex-Hedge Fund Chief Loses $1 Million in Deep-Sea Treasure Hunt

Bloomberg – The deal started with a treasure map, supposedly bought from a drifter at a saloon in Key West for $500. What could possibly go wrong?

For Dean Barr, who ran Citigroup’s hedge fund unit until 2007, investing in the X-marks-the-spot Emerald Reef venture has cost him more than $1 million, he said at a trial this week in the Florida island’s federal courthouse. “I lost a significant amount of money,” Barr testified, according to the Key West Citizen, a newspaper. “I want to get to the bottom of why and who is responsible.”

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply