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Citi Alternative Investments, or CAI, which saw spiraling losses and hedge fund closures last year on top of internal conflicts and mounting investor fears, may be re-launched as Citi Capital Advisors after calls to leave behind the Citi name were rejected.
But the fate of the troubled unit is particularly delicate as its top-tier management of former Morgan Stanley (NYSE:MS)veterans is closely linked with Citi's.
Moreover, the separation is a remote option, given that nearly 50% of USD2.7bn (EUR1.8bn) in the internal hedge funds comes from Citi.
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