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Citigroup suspends redemptions in credit fund

February 15, 2008  



Citigroup has temporarily suspended redemptions in its Corporate Special Opportunities (CSO) fund, which follows a credit and event-driven strategy, as investors attempted to pull 30% of the $500 million fund’s assets following an 11% loss in 2007.

"We have temporarily suspended redemptions of all shares of CSO to stabilize the...

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