FinanceAsia.com, 25 Nov 2008, Simon Osborne
Citi dismisses its star Singapore prime broking team as the downturn in hedge fund capital raising retards asset growth in the sector.
The jury is out on the US government's convoluted (is it or isn't it?) bailout of Citi, which one ambivalent hedge fund manager described Monday evening as appearing like “half a loaf”.
However, the US cavalry arrived too late to save Citi's three-strong prime broking team in Singapore, which has been dismissed.
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