Citibank to hedge funds – no bank accounts for you…

A client just informed me that Citibank will not consider opening a bank account for a hedge fund as of today.  Evidently Citibank’s compliance department thinks that being associated with hedge funds, even if it is merely through a simple bank account, is not wise in this climate.  I will be discussing this issue with some of my other banking contacts to see if this is the case at other institutions and will report back on this story.


Please contact us if you have any questions or would like to start a hedge fund.

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