Citigroup may buy Old Lane hedge fund firm: report

(Reuters) - Citigroup and Old Lane did not immediately return calls seeking comment. Old Lane is thought to have more than $4 billion of assets under management, the newspaper said.

Pandit is a former head of Morgan Stanley's institutional securities division.


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Citigroup may buy Old Lane hedge-fund firm - WSJ

(Reuters) - If the deal is completed, Pandit would become chief executive of Citigroup's alternative-investments unit, the Journal said.

A representative from Citigroup was not immediately available for comment. Old Lane was also not immediately available for comment.


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Citigroup in talks to buy Old Lane: WSJ

(Reuters) - He also could become a candidate to eventually succeed Citigroup Chief Executive Charles Prince, the newspaper said.

Citigroup and Old Lane could not be immediately reached for comment.


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