{"id":7150,"date":"2008-02-19T00:00:00","date_gmt":"2008-02-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"citigroup-bars-investor-exits-from-hedge-fund","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2008\/citigroup-bars-investor-exits-from-hedge-fund.html","title":{"rendered":"Citigroup bars investor exits from hedge fund"},"content":{"rendered":"<p>Reuters- Citigroup has suspended investor withdrawals from a $500 million (256 million pound) credit hedge fund to give it a chance to &quot;stabilize,&quot; a bank spokesman said on Friday. <\/p>\n<p>The London-based fund, called CSO Partners, was facing investor redemptions after a 10 percent loss in November, prompting its manager John Pickett to resign, according to Citigroup spokesman Jon Diat.<\/p>\n<p>The fund was up 27 percent since inception in August 2004 to December 31, 2007.<\/p>\n<p>&quot;We have temporarily suspended redemptions of all shares of CSO to stabilize the fund and allow time to address its funding needs to meet anticipated obligations,&quot; said Diat in a statement.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/236892848\" width=\"1\" border=\"0\" \/><br \/><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/236892848\/idUKNOA83483020080218\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Citigroup has suspended investor withdrawals from a $500 million (256 million pound) credit hedge fund to give it a chance to &quot;stabilize,&quot; a bank spokesman said on Friday. The London-based fund, called CSO Partners, was facing investor redemptions after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7150","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7150"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7150\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}