Reuters - Citigroup Sheds PE, Hedge Fund Assets

Citigroup has sold more than $6 billion in private equity and hedge fund assets in the past month to comply with new regulations that limit such investments, the Wall Street Journal reported, writes Reuters. Citigroup last week sold a $4.3 billion private equity fund known as Citi Venture Capital International for an undisclosed price to Rohatyn Group, a private equity fund run by Nick Rohatyn, according to the Journal.

DealsNorth AmericaUSBriefs