Current news for this fund:
Old Lane Partners (Citigroup) - Alternative investment fund
Count of distinct funds: 1
Finalternatives has summary coverage of the Old Lane shutdown.
We are re-classifying this as "imploded" as per this article. It seems if anything is salvaged from from Old Lane in a "restructuring", it will no longer be the old Old Lane.
Reports have emerged that Old Lane Partners, the hedge fund bought by Citigroup last fall and originally co-founded by Citigroup's new CEO Vikram Pandit, is seeing all unaffiliated investors redeem their investments.
Citigroup claims that they currently have no plans to shutter Old Lane Partners. We wonder if this
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
Important: This fund is on our list of hedge funds that have "imploded" (see also ailing lenders). However, please note that "imploded" is a somewhat subjective. The "imploded" list contains hedge funds (or other unregulated and autonomous speculative investment funds) which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal "bail-out" by corporate parents or peers in order to avoid write-downs and provide liquidity. The funds are of any type and sector.