{"id":688987,"date":"2010-03-11T16:24:00","date_gmt":"2010-03-11T21:24:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/hedge-fund-managers-are-making-a-killing-on-citigroup-right-now-2010-3"},"modified":"2010-03-11T16:24:00","modified_gmt":"2010-03-11T21:24:00","slug":"the-hedge-fund-managers-that-are-making-a-killing-on-citigroup-right-now-c","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/688987","title":{"rendered":"The Hedge Fund Managers That Are Making A Killing On Citigroup Right Now (C)"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"float_right\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4b336e7100000000001d6a9c\/david-tepper-lottery.jpg?w=780\" border=\"0\" alt=\"David Tepper Lottery\" \/><\/p>\n<p>Citigroup has had quite a run the last few days, from $3.50 on Friday to about $4.18.<\/p>\n<p>So hedge fund managers, who made big bet on financials last quarter, are reaping the benefits right now.<\/p>\n<p>Citi is making these guys even richer <a href=\"http:\/\/www.businessinsider.com\/the-richest-hedge-fund-managers-2010-3\">than they already are<\/a>:<\/p>\n<ul>\n<li><strong>Paulson<\/strong> upped his stake in Citigroup last quarter. Citigroup is now 8.47% of Paulson&#8217;s total holdings.<\/li>\n<li><strong>Eric Mindich<\/strong>&#8216;s Eton Park had 4.5% of their fund invested in Citigroup.<\/li>\n<li><strong>Soros<\/strong> had 3.5% of his fund invested in Citigroup.<\/li>\n<li>Citigroup<strong> <\/strong>was<strong> Dan Loeb<\/strong>&#8216;s Third Point&#8217;s second largest holding last quarter. Dan Loeb had 8.9% of his fund invested.<\/li>\n<li><strong>David Tepper<\/strong>&#8216;s Appaloosa was 19.2% invested in Citigroup.<\/li>\n<\/ul>\n<p>(Stats based on the fund&#8217;s 4th quarter 2009 13F reports.)<\/p>\n<p>Look at this upward movement:<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4b995d1d7f8b9a77252d0000\/citi-last-5-days.jpg?w=780\" border=\"0\" alt=\"Citi-last-5-days\" \/><\/p>\n<p>See the other <a href=\"http:\/\/www.businessinsider.com\/what-hedge-funds-are-investing-in-2010-2#shorting-the-euro-1\">big bets hedge funds are making right now.<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/hedge-fund-managers-are-making-a-killing-on-citigroup-right-now-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/goldmans-star-hedge-fund-manager-quits-to-start-his-own-firm-2010-3\">Goldman&#8217;s Star Hedge Fund Manager Quits To Start His Own Firm<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-richest-hedge-fund-managers-2010-3\">Meet The 28 Richest Billionaire Hedge Fund Managers<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/N2zBaMytQC0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup has had quite a run the last few days, from $3.50 on Friday to about $4.18. So hedge fund managers, who made big bet on financials last quarter, are reaping the benefits right now. Citi is making these guys even richer than they already are: Paulson upped his stake in Citigroup last quarter. Citigroup [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-688987","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2TeH","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/688987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=688987"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/688987\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=688987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=688987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=688987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}