Relevant:
- Citigroup Bails Out Troubled Falcon Hedge Funds
- Three Banks Post Big Losses In Citi Hedge Fund
- Inside Citi, a Hedge-Fund Push Blows Up
- Citi Clients Not As Understanding As Firm Would’ve Thought About Funds That Lost Them Their Entire Investment
- Citigroup's hedge fund headaches: two blowups, low returns and redemptions at another
2008-05-22 — finalternatives.com
"Reaz Islam’s departure comes amid news that at least three banks lost more than a billion dollars in his Falcon Strategies funds. The Falcon funds have lost more than 75% of their value during the credit crisis"
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