TheStreet.com – Citigroup (C:NYSE – news – research – Cramer’s Take) runs a $37.6 billion alternative investment business called Citigroup Alternative Investments. It’sorganized around private equity, managed futures, structured products, real estate and hedge funds. Late last year, Ray Nolte moved from Deutsche Bank to become chief executive of CitigroupAlternative Investments’ Fund of Hedge Funds Group. At Deutsche Bank, he was chairman of the Deutsche Bank Absolute Return Strategies Fund of Funds and its single-manager hedge fund business.
In an interview with TheStreet.com, Nolte describes the challenges of managing a large, institutional fund of funds group.
TheStreet.com: Describe how the hedge fund business is organized within Citigroup Alternative Investments.
