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Citigroup shifts focus for alternative profits

group's ceo sees profit moving out of manufacturing

Citigroup predicts the profit in alternative investments is going to move from manufacturing to distribution.

The CEO of Citigroup's alternative investments division, Ahmed Fahour, believes management fees will come down and manufacturers will be looking at innovation to try to preserve margin.

As a result, the group has moved to an open architecture strategy and two-thirds of the investment

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