Hedge fund investor sues Citi Alternatives, alleging fraud

Fri Apr 11, 2008

A wealthy investor in Boca Raton, Fla., has sued Citigroup Alternative Investments, alleging that the firm failed to properly disclose the risks in a fixed-income hedge fund that suffered big losses in last year’s second half.

In an 18-page complaint filed on April 4 in the U.S. District Court for the Southern District of Florida, the plaintiff accuses Citigroup Alternatives of marketing...


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