Citigroup Moves Trader Putcha To Help Internal Hedge Fund

by Wall Street Job Report on June 29, 2012

Citigroup Moves Trader Putcha To Help Internal Hedge FundCitigroup Inc. (C) has moved Ramakrishna Putcha, a former proprietary trader, into an internal hedge fund that makes bets with about $200 million of the firm’s money after the portfolio slid 14 percent last year.

Putcha, 61, was named co-portfolio manager of a credit fund in the Citi Capital Advisorsunit, or CCA, according to Danielle Romero-Apsilos, a spokeswoman for the New York-based lender. For now, Citigroup owns about 97 percent of the fund and bank employees own the rest, according to a person with direct knowledge of the operation.

Read Full Article At Bloomberg

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