Napier Park Global Capital
How do you show gratitude to a person who literally gave you a $5.6 billion hedge fund, asking nothing in return, even as he was being shown the door? Surely, a thank-you card doesn’t quite cut it. Well, Napier Park Global Capital’s Jon Dorfman and Jim O’Brien think they have figured it out: an office, […]
It was a teary goodbye today, as Citigroup bade farewell to its internal hedge fund unit, Citi Capital Advisors, redubbed Napier Park Global Capital. And why wouldn’t parting be such sweet sorrow for the men and women who Citi literally gave the business away to, gratis?
Did you know the name of the guy who discovered the algorithm? Someone at Citigroup did, and he or she decided to rename its soon-to-be-given-away hedge fund unit after him.