Bloomberg – Eton Park Capital Management LP and Viking Global Investors LP were among at least five hedge funds that exited theirCitigroup Inc. (C) stakes in the first quarter as investors shied away from U.S. banks facing revenue declines.
Eton Park, the hedge fund run by Eric Mindich, sold 80.5 million shares in the quarter and Viking, co-founded by Andreas Halvorsen, liquidated its holding of 151 million shares, according to filings yesterday with the U.S. Securities and Exchange Commission. The stakes were valued at $381 million and $714 million, respectively, at the end of last year.
