Hedge Funds

Citigroup manager quits for new fund


Citigroup's Ross Margolies, who manages $3 billion in assets over three different hedge funds strategies, will be leaving to start his own firm. As part of the move, Margolies and Citigroup have struck a deal allowing him and the team to continue to manage their $3 billion in assets. Going forward, Margolies is committing a significant amount of capacity for Citigroup to continue to offer to its clients.

Ross Margolies, Citigroup

Margolies' group, the Salomon Hedge Fund Team, runs three strategies: arbitrage, long/short market neutral and long/short long-biased. In the future, they will subadvise funds for