<\/p>\n
Vikram Pandit’s dead Citi hedge fund, Old Lane Partners, is back from the grave.<\/p>\n
Reincarnated as the private firm Meru Capital, it’s already raised $300 million.<\/p>\n
It will include all<\/a> of the founding partners<\/a> of Old Lane, minus two:<\/p>\n 1) Vikram Pandit<\/p>\n 2) The head of Citi’s institutional clients group John Havens.<\/p>\n At what point will Mr. Pandit become sick of all the flak he takes at Citi and settle down for a cushy money management job where he can make all the money he wants without politicians breathing down his neck?<\/p>\n At the very least, this surely qualifies as a Pandit Plan B.<\/p>\n FinAlternatives:<\/a> Citigroup closed Old Lane in September of last year after the hedge fund, which managed $4.5 billion when Citigroup bought it in July 2007 for more than $800 million, posted hundreds of millions in losses and saw all of its outside investors flee.<\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n Vikram Pandit’s dead Citi hedge fund, Old Lane Partners, is back from the grave. Reincarnated as the private firm Meru Capital, it’s already raised $300 million. It will include all of the founding partners of Old Lane, minus two: 1) Vikram Pandit 2) The head of Citi’s institutional clients group John Havens. At what point […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-59700","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/59700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=59700"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/59700\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=59700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=59700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=59700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
<\/p>\n","protected":false},"excerpt":{"rendered":"