(Bloomberg) Three months after news first emerged of a hedge fund blowup that threatens to saddle Citigroup Inc. with millions of dollars in losses, details of the fund’s implosion are becoming clearer. GF Securities Co. said Wednesday its GTEC Pandion Multi-Strategy Fund SP lost $139 million in 2018 primarily on foreign exchange trades, leaving it with negative capital.
This Hedge Fund Lost $139 Million Last Year and Citigroup Is Feeling the Pain
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