Tags: Citigroup, ingrates, Old Lane, Portman Square Capital, Sutesh Sharma, Uncle Vik's nephews
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 buy Old Lane to one day make Sharma’s buddy Vikram Pandit CEO while also denying him the zen garden in the sky he required to be successful.
Sharma went on to run Citi’s proprietary trading operations as Old Lane crashed and burned. But in spite of the five whole years that have passed since then, investors are stubbornly refusing to give Sharma the half-billion dollars he
wants has earned for his new hedge fund. Read more »
Tags: Citigroup, comebacks, Hedge Funds, Old Lane, Portman Square Capital, Sutesh Sharma, Vikram Pandit
Just a question of which hedge fund he’ll be riding– his own or his former Old Lane colleague’s. Read more »
Tags: launches, Old Lane, Portman Square Capital, Sutesh Sharma, Vikram Pandit
He'd be lying if he said he wasn't a little disappointed to be missing out on the fun.
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 co-founded OLP with Pandit is getting the band back together, minus Uncle Vik, who will be missed, and starting a new fund this fall. Read more »