Updated Monday, September 1, 2014 as of 5:10 PM ET

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Citi Said to Give CCA Managers 75% Stake in Funds for Free

Donal Griffin

Among Vikram Panditís last jobs as Citigroup Inc.ís chief executive officer was to decide the fate of the bankís hedge-fund unit, which employs some of his oldest colleagues. He agreed to give them most of it for free.

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