Barr resigns from Citi Alternative


Dean Barr, head of liquid markets at Citi Alternative Investments and chief executive of Tribeca Global Management, Citi’s $2.5 billion multistrategy hedge fund firm, resigned this week.

Barr’s 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 Citi’s hedge fund assets up to