Skip to main content.
February 17th, 2008

“Free” Market

Citigroup Stops Withdrawals from Hedge Fund: WSJ
From CNBC

Citigroup has barred investors in one of its hedge funds from withdrawing their money, and a new leveraged fund lost 52 percent in its first three months, the Wall Street Journal reported Friday.

The largest U.S. bank suspended redemptions in CSO Partners, a fund specializing in corporate debt, after investors tried to pull more than 30 percent of its roughly $500 million of assets, the newspaper said. Citigroup injected $100 million to stabilize the fund, which lost 10.9 percent last year, the newspaper said.

Yep. Booming economy. Just booming. More proof that the crimminals in charge are starting to panic.

Posted by macguiguru in Discuss!, Politics

This entry was posted on Sunday, February 17th, 2008 at 12:27 pm and is filed under Discuss!, Politics. You can follow any responses to this entry through the comments RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>