THURSDAY JUNE 12
Citi Fund Bites Dust

Stories have been swirling over the troubles of hedge fund Old Lane Partners (co-founded, incidentally, by Citigroup CEO Vikram Pandit) for almost as long as the bank has owned it (11 months, to be exact). Or it sure seems that way. But what could have been the final nail in the coffin for a fund that, just last month, announced to its trading partners it had secured a "substantial" amount of fresh capital?

June 2008

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