(Bloomberg) — Citigroup Inc. will transfer management of a group of in-house private-equity funds to StepStone Group LLC and sell interests in its funds to Lexington Partners Inc. as part of a plot to shrink the bank’s assets.StepStone, based in La Jolla, California, will take over management of $4 billion in funds-of-funds and buyout co- investments previously run by the Citi Private Equity unit, the New York-based bank said today in a statement.
Posts Tagged ‘Group Llc’
Citigroup Says StepStone Will Run Private-Equity Unit
July 13th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: 1 Billion, Balance Sheet, Chief Executive Officer, Citigroup, Citigroup Inc, Core Assets, Dozen Businesses, Employee Investment, Equity Unit, Fourth Quarter, Group Llc, Investment Funds, Investments, La Jolla, Lexington Partners Inc, Pandit, Private Equity Funds, Proprietary Interests, Stepstone, Trillion 
Comments OffEx-Goldman Programmer Aleynikov Pleads Not Guilty
February 18th, 2010 Before You Invest (Bloomberg) — Former Goldman Sachs Group Inc. computer programmer Sergey Aleynikov pleaded not guilty to federal charges that he stole trading software from the bank.Aleynikov, 40, entered his plea today before U.S. District Judge Denise L. Cote in New York. The judge set a trial date of Nov.
Posted in Finance Fraud Tags: Citadel Investment Group, Computer Programmer, Court Appearance, Deleting History, District Judge, Employment Assistant, Federal Charges, Goldman Sachs, Goldman Sachs Group, Goldman Sachs Group Inc, Group Llc, Indictment, Laptop Computer, Misha, Preet Bharara, Sachs Group Inc, Shroff, Storage Device, Trading Platform, Trading Software Comments OffSEC Vote Shows Scope of High-Frequency Trading Rules
January 13th, 2010 Before You Invest High-frequency traders, whose lightning-quick stock and options tactics have been criticized by senators, are about to learn how far U.S. regulators may go to rein them in.The Securities and Exchange Commission is poised to question brokerage firms, traders and exchanges to weigh in on the practice, which describes a range of strategies that depend on high-speed executions, usually less than a millisecond.SEC commissioners vote today on publishing a so-called concept release on high-frequency trading, dark pools and the structure of markets.
Posted in Finance Fraud Tags: Brokerage Firms, Dark Pools, Delaware Democrat, Executions, Financial Services Consultant, Getting Away With Something, Goodwin Procter Llp, Group Llc, High Frequency, Individual Investors, Kaufman, Lawmakers, Liquidity, Millisecond, Proponents, Securities And Exchange Commission, Stock Volume, Tabb Group, Trading Accounts, Volume Questions No Comments »Meredith Whitney buys Seegal Benson Leucadia Securities
August 14th, 2009 Before You Invest Meredith Whitney Advisory Group LLC has announced that it has wrapped up its buy of Seegal Benson Leucadia Securities LLC, a New York-based broker dealer.The unit, which has been renamed Meredith Whitney Securities LLC, will provide financial advisory and research services initially. But Ms. Whitney, chief executive, also plans to apply to the Financial Industry Regulatory Authority Inc.
Posted in Finance Fraud Tags: Acquisition, Additional Services, Advisory Group, Benson, Broker Dealer, Capabilities, Chief Executive, Financial Industry Regulatory Authority, Group Llc, Investment Research, Leucadia, Meredith Whitney, Ms Whitney, New Addition, Participation, Scope, Seegal, Syndicate No Comments »Citadel slashing stake in E-Trade
August 13th, 2009 Before You Invest (Reuters) — Citadel Investment Group LLC, the hedge fund giant that injected capital into struggling brokerage E-Trade Financial Corp., said on Thursday it will slash its investment by more than two thirds over the next few months.The Chicago-based firm plans to sell 120 million of its 166 million E-Trade shares through an insider stock-trading plot registered with the Securities and Exchange Commission.
Posted in Citadel, Finance Fraud Tags: Brokerage, Citadel Investment Group, E Trade, E Trade Financial, E Trade Financial Corp, Group Llc, Hedge Fund Manager, Insider Stock, Kenneth Griffin, Percent Stake, Reuters, Securities And Exchange, Securities And Exchange Commission, Spokeswoman, Spurgeon, Stock Sales, Stock Trading, Stockholder, Trade Shares, Trade Stock No Comments »Financier Danny Pang defrauded investors of hundreds of millions of dollars
April 28th, 2009 Before You Invest Financier Danny Pang defrauded investors of hundreds of millions of dollars,obtained a temporary order freezing his assets.As part of the SEC’s civil lawsuit filed in federal court in Los Angeles, U.S. District Judge Philip Gutierrez froze the assets of Mr. Pang and the Irvine, Calif., businesses he ran, Private Equity Management Group Inc.
Posted in Finance Fraud Tags: 1 Billion, Business Leader, Civil Lawsuit, Company Spokesman, District Judge, Equity Management, Financial Supervisory Commission, Financier, Gibson Dunn Crutcher, Group Llc, Independent Investigation, Internal Probe, Investment Practices, Irvine Calif, Management Group Inc, Pang, Private Equity Management Group, Religious Pilgrimage, Sec Statement, Wall Street Journal No Comments »Financier Danny Pang defrauded investors of hundreds of millions of dollars
April 28th, 2009 Before You Invest Financier Danny Pang defrauded investors of hundreds of millions of dollars,obtained a temporary order freezing his assets.As part of the SEC’s civil lawsuit filed in federal court in Los Angeles, U.S. District Judge Philip Gutierrez froze the assets of Mr. Pang and the Irvine, Calif., businesses he ran, Private Equity Management Group Inc.
Posted in Finance Fraud Tags: 1 Billion, Business Leader, Civil Lawsuit, Company Spokesman, District Judge, Equity Management, Financial Supervisory Commission, Financier, Gibson Dunn Crutcher, Group Llc, Independent Investigation, Internal Probe, Investment Practices, Irvine Calif, Management Group Inc, Pang, Private Equity Management Group, Religious Pilgrimage, Sec Statement, Wall Street Journal Comments Off
