Hedge Fund News From HedgeCo.Net

A Citi Hedge Fund Business Prepares for Life on Its Own

DealBook – Come Friday, one of Citigroup’s internal hedge fund units will begin a new life, free from its corporate parent and the restrictions that have come with new banking regulations.

What once was part of Citi Capital Advisors will now be known as Napier Park Global Capital, a $6.8 billion hedge fund, in one of the biggest spinoffs of a hedge fund from a major bank.

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