Growth by acquisition likely for Tribeca
Citigroup thought of buying Amaranth and is still looking to expand, as Tribeca's Dean Barr told Phyllis Feinberg in New York
Citigroup Alternative Investments (CAI) came close - "reasonably close," is the way Dean Barr puts it - to buying Amaranth Advisors after the hedge fund imploded last September, losing $6bn on bad energy bets in one week.
Barr, who runs the hedge fund division - his actual title is head of liquid alternative investments and chief executive officer of Tribeca Global Management LLC - won't discuss what torpedoed the deal except to say there were some issues on which they couldn't reach mutual
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