Citigroup says unhurt by hedge fund losses

Newswire

NEW YORK, May 26 (Reuters) - Citigroup on Thursday said it has not been hurt by any losses related to hedge funds, a concern that has hung over Wall Street banks since two major U.S. auto companies were downgraded to junk status this month. "We have not had any exposure to any of the hedge funds that have blown up recently," Jessica Palmer, head of risk management for the corporate and investment banking group at Citigroup, told investors and analysts in a Web cast. Palmer did not offer ...

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