Beverly Hills 11/17/2009 3:08:20 AM
News / Business

Hedge funds Paulson and Renaissance Technologies Invest in Citigroup

Finance World News Update by EQUITIES Magazine

Paulson & Co bought 300 million shares worth $1.2 billion in Citigroup while Renaissance Technologies increased its holdings in Citi by more than 1,000 when it undid its second-quarter sell-off of about 21.5 million Citi shares.

 

Citigroup is now trading at $4.05 per share, way up from the March 2009 low of 97 cents.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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