Citigroup (C) discloses it cut a deal - just ahead of the departures of Vikram Pandit and John...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) discloses it cut a deal - just ahead of the departures of Vikram Pandit and John Havens - to move a stable of internal hedge funds to an entity controlled by "certain employees." Pandit and Havens joined Citigroup in 2007 when the bank bought their Old Lane hedge fund for $800M. The move should help Citi comply with the Volcker rule.