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Corporate & Securities Law

: FinancialCounsel

Citigroup's Settlement Offer To Falcon And ASTA/MAT Investors May Not Be Sufficient

By James Eccleston

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Recently, the Wall Street Journal ran an article focusing on Citigroup's push on hedge funds known as Falcon and ASTA/MAT.  The losses by these two hedge funds are the latest examples of the credit crunch hammering retail, or individual, investors who believed they were holding low-risk securities.  These funds have plunged more than 75% or more.  The mess is another black eye for Citigroup according to the Wall Street Journal.  But interestingly, this time, the sales machi read more

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Full post as published by FinancialCounsel on May 15, 2008 (boomark / email).

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