Friday, 20th November 2009

 

6 November 2009 - Press Briefing

Citigroup to rebrand embattled alternative investments arm

Citi Alternative Investments, the division of Citigroup containing its embattled hedge fund operations, is said to relaunch itself after almost two years of underperformance, wrangling and client dissatisfaction, according to a report in the Financial Times.

CAI, which has client assets worth $14bn (€9.4bn) and also includes private equity businesses, is likely to be rebranded as Citi Capital Advisors.

Tags: Citi Alternative Investments

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Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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