Citi for dinner, a duet and an alphabet of alphas

Citi is proof of the adage: “You can’t be all things to all men.” A mole confided: “I’m all for breaking it up.” In my first column, published in April 2006, I queried the strategy and investment validity of Citigroup. Eighteen months later, I’m still asking the same questions.

Citi’s lesson from history

Why weren’t you invited? In late November, a group of elite bankers slipped away from their desks to join my editor and me for lunch at the Caprice restaurant in London’s fashionable West End. Those present included one of the wealthiest men in England, one of the most powerful men in England, a senior American investment banker running a wealth management business, a Swiss gnome and a gorgeous girl who works for one of the world’s top hedge funds.

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