Vikram Pandit To Get Back In The Hedge Fund Saddle Again, At Some Point

Just a question of which hedge fund he’ll be riding– his own or his former Old Lane colleague’s.

The buzz on Wall Street is that ousted Citigroup CEO Vikram Pandit will return to the hedge-fund world. UK hedge fund Portman Square Capital declined to comment on chatter that its founder, Sutesh Sharma, is eager to nab Pandit for his new firm. Sharma, a former money manager at Pandit’s now defunct Old Lane hedge fund, launched Portman this year with $500 million…Pandit is viewed by the hedge fund community as a rainmaker due to his ties to deep-pocketed investors. “I wouldn’t be surprised if he felt the timing was right to join an existing fund . . . or start his own fund,” said Robert Olman of hedge-fund search firm Alpha Search Advisory Partners.

Thinking ahead, how much do we predict Citi will pay to acquire Portman Square (or Pandit Partners) in order to lure Big Vik back, which is kind their thing? Last time around it was $800 million so they’ll probably have to offer at least $2bn.

Pandit Packing For London Hedges [NYP via FINalternatives]

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One Response to “Vikram Pandit To Get Back In The Hedge Fund Saddle Again, At Some Point”

  1. E. Cartman says:

    Ridin' out’a the Citi alone
    By the light of the moon
    I'm looking for Sutesh-Sho
    He crazy Old Lane too
    Barkeep gimme some leverage
    That's when he caught my eye
    He turned to gimmie-a margin
    That make a grown man cry