Dean Barr, head of liquid markets at Citi Alternative Investments and chief executive of Tribeca Global Management, Citis $2.5 billion multistrategy hedge fund firm, resigned this week.
Barrs resignation comes less than a week after Citi said it would acquire the $4.5 billion Old Lane Partners. As part of that deal, Old Lane cofounder Vikram Pandit is expected to be named chief executive of Citi Alternative Investments.
Citi manages a total of $15.7 billion in hedge fund assets. The Old Lane deal, which is expected to close in the third quarter, would push Citis hedge fund assets up to