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C » Topics » Client capital under management

This excerpt taken from the C 10-Q filed Aug 3, 2007.
Client capital under management of $47.4 billion in the 2007 second quarter increased $16.8 billion from the 2006 second quarter, due to inflows from institutional and high-net-worth clients.

On July 2, 2007, the Company completed the acquisition of Old Lane Partners, L.P. and Old Lane Partners, GP, LLC (Old Lane).  Old Lane is the manager of a global, multi-strategy hedge fund and a private equity fund with total assets under management and private equity commitments of approximately $4.5 billion.  Old Lane will operate as part of AI.  Old Lane’s Vikram Pandit became the Chief Executive Officer of AI.

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