Citigroup Alternative Investments - February 2007

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 Mana