Sunday, February 17th, 2008
Citigroup: “Sorry, you can’t sell right now”
NEW YORK, Feb 15 (Reuters) – Citigroup Inc. (C:NYSE) has suspended investor withdrawals from a $500 million credit hedge fund to give it a chance to “stabilize,” a bank spokesman said on Friday. The London-based fund, called CSO Partners, was facing investor redemptions after a 10 percent loss in November, prompting its manager John Pickett [...]
