• 23 Jun 2009 at 10:56 AM

Ex-Citi Execs Start Hedge Fund, Drop Hint

By Bess Levin

Dow Jones reports that a group of ex-Citi dwellers (Antonio Cacorino, formerly of Citi’s global corporate and investment-bank management committee, Frederick Chapey, who was head of global structured credit derivatives, Robert Cummings, former head of Citi’s European credit products distribution and Sohail Kahn, former managing director responsible for legacy-asset remediation efforts) are starting themselves a hedge fund. It will be called Old Lane The Sequel, and they’ll be selling it to Citi for a trillion dollars in 3-5 years. Just fucking with you (about the name, not the prediction, which we’ll revisit at a later date), they actually went with something worse: StormHarbour Partners LP. I get that it was probably intended to sound dangerous and whatnot, but there are a lot of other, dryer, natural disasters you could go with that don’t lend themselves jokes about being underwater. Then again, earlier ideas are said to have included Katrina Capital and Golden Shower Management, so I guess this is preferable.

Comments (34)

  1. 1
    Posted by guest | June 23, 2009 at 10:59 AM

    Bukkake Capital Partners

  2. 2
    Posted by guest | June 23, 2009 at 11:00 AM

    How can I get in on the ground floor?
    – Snake Plissken

  3. 3
    Posted by guest | June 23, 2009 at 11:01 AM

    What’s so bad about being underwater?
    –Ken Griffin

  4. 4
    Posted by guest | June 23, 2009 at 11:04 AM

    Game Ends Capital Management

  5. 5
    Posted by guest | June 23, 2009 at 11:05 AM

    NAMBLA Capital Management

  6. 6
    Posted by guest | June 23, 2009 at 11:05 AM

    Ass Bleeding Capital

  7. 7
    Posted by guest | June 23, 2009 at 11:06 AM

    @4 fantastic

  8. 8
    Posted by guest | June 23, 2009 at 11:09 AM

    @5 just noticed that NAMBLA is an anagram for Man Bal

  9. 9
    Posted by guest | June 23, 2009 at 11:13 AM

    @3…brutal!!!
    This news makes me feel better about the name of my hedge fund:
    Mount St. Helens Pinto Firestone 500 DC-10 Hindenburg Global Warming Swine Flu Capital Management LLC.

  10. 10
    Posted by guest | June 23, 2009 at 11:15 AM

    Anyone else hear about the cuts at BarCap today?

  11. 11
    Posted by guest | June 23, 2009 at 11:21 AM

    Barclays Capital

  12. 12
    Posted by guest | June 23, 2009 at 11:22 AM

    AQR Capital

  13. 13
    Posted by guest | June 23, 2009 at 11:27 AM

    Credit Crunch Capital

  14. 14
    Posted by guest | June 23, 2009 at 11:28 AM

    Credit Crunch Capital or Canned Capital

  15. 15
    Posted by guest | June 23, 2009 at 11:28 AM

    Love the British spelling of StormHarbour.
    I bet Ye Olde Lane would have had stellar returns.

  16. 16
    Posted by guest | June 23, 2009 at 11:29 AM

    I do like the idea of naming funds the sequel to disasters of epic proportions (Amaranth the Sequel, AQR 2, etc).

  17. 17
    Posted by guest | June 23, 2009 at 11:34 AM

    I work at Citi, what is a hedge fund?

  18. 18
    Posted by guest | June 23, 2009 at 11:39 AM

    I vote we revert to Olde Fashioned Spelling of everything:
    Ye Olde Porne Shoppe, for example.

  19. 19
    Posted by Tax Chick | June 23, 2009 at 11:52 AM

    Capitan Crunch Capital LLC or Mini Tarp Fund, LLC

  20. 20
    Posted by TGNC | June 23, 2009 at 11:55 AM

    Cramer Capital Management

  21. 21
    Posted by guest | June 23, 2009 at 12:05 PM

    Fred and Tony’s LLC.

  22. 22
    Posted by guest | June 23, 2009 at 12:13 PM

    Argh Matey! Me thinks Captin’ Crunch Capital be a fitting name for these scallywags seeings how the Rockefeller Club be shutting its doors til Davy Jones be coming back and these Gentlemen o’ fortune will have no place to get good grog.

  23. 23
    Posted by guest | June 23, 2009 at 12:18 PM

    Cilantro Capital

  24. 24
    Posted by guest | June 23, 2009 at 12:22 PM

    OnlyOurOwn Capital

  25. 25
    Posted by guest | June 23, 2009 at 12:28 PM

    Ponzi Action LLC

  26. 26
    Posted by guest | June 23, 2009 at 12:35 PM

    Robert Cummings, manager of the Fountain Fund

  27. 27
    Posted by guest | June 23, 2009 at 12:37 PM

    Dykstra Car Wash, Stock Portfolio, and Celebrity Estate Emporium LLC
    –p.s., we sell whacky flailing arm inflatable tubemen in Mets and Phillies uniforms, as well.
    -Jim Cramer, CEO

  28. 28
    Posted by Billy Ray Human | June 23, 2009 at 12:38 PM

    Tinderbox Capital LLC
    http://bit.ly/bXPfO

  29. 29
    Posted by guest | June 23, 2009 at 12:48 PM

    A2M Partners

  30. 30
    Posted by guest | June 23, 2009 at 1:26 PM

    Great writing, finally. Especially the “fuck with you” part.

  31. 31
    Posted by Anal_yst | June 23, 2009 at 2:05 PM

    Golden Shower Capital is def the best name, or maybe Cleveland Steamer Cap, that works too.

  32. 32
    Posted by guest | June 23, 2009 at 2:09 PM

    @analyst- but cleveland steamer cap doesn’t have the same “drowning” connotation.

  33. 33
    Posted by guest | June 23, 2009 at 2:45 PM

    Chlamydia Capital Partners

  34. 34
    Posted by guest | June 23, 2009 at 2:48 PM

    Short Term Capital Mismanagement

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