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News Update: Citigroup Holds Fundraiser For Private Equity, Hedge Funds

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Uploaded by on Jun 18, 2010

Citigroup announced that it plans to raise more than $3 billion for its private equity and hedge funds Friday. This is despite the fact that lawmakers have been considering passing legislation that would ban banks from owning and investing in such 'alternative funds.' The money would be directed toward the bank's Citi Capital Advisors unit, which currently has assets of about $14 billion.

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