Old Lane

  • Hedge Funds

    Son Of Old Lane A Huge Disappointment

    Once upon a time, Sutesh Sharma co-founded a little hedge fund called Old Lane Partners. Now, Old Lane didn’t make its investors much money, but it did make Sharma and his co-founders very wealthy when, for reasons that seemed clearer at the time than they do today, Citigroup decided it would pay any price to […]

    / Jul 11, 2013 at 9:55 AM
  • vikrampandit

    News

    You Haven’t Seen The Last Of Vikram Pandit

    Perhaps, you thought, that the day Vikram Pandit was abruptly and unceremoniously fired from Citigroup was the end. That we’d lost him for good. That he’d retreat to the his Upper West Side manse and spend his days beefing up his Odd Couple memorabilia collection, or work on that novel about a love that dare not speak its name between a bank CEO and the analyst who only acted like she hated him, or build that Zen garden he’d always wanted that the fucks at Citi never let him have. That he was finished with Wall Street. Well fret not. Uncle Vik wouldn’t never do that to you.

    / Feb 8, 2013 at 4:08 PM
  • News

    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]

    / Oct 22, 2012 at 5:54 PM
  • Hedge Funds

    Old Lane Partners Rises!

    Kind of! Remember Old Lane? That hedge fund Citigroup had to buy to get its hands on CEO of the Century Vikram Pandit? If you missed out on the chance to invest in it during its all-too-short two years of managing money, don’t despair. Another chance is on the horizon. Sutesh Sharma, the guy who […]

    / Jun 18, 2012 at 12:28 PM
  • News

    Some Investors Having Difficulty Forming An Opinion On Carlyle’s Foray Into Hedge Funds

    I’m kidding, of course. As you may have heard, Carlyle is considering buying a stake in a hedge fund manager and is in talks with multiple firms, in addition to looking to raise “two new debt funds and a $1 billion pool to buy small companies.” The units would be overseen by Mitch Petrick, who […]

    / Sep 21, 2010 at 5:39 PM

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