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Citi struck a deal to offer hedge fund-like investments to the masses

January 8, 2020

Citigroup Inc. is teaming up with an online platform to make credit investments normally reserved for hedge funds and billionaires available in small slices to legions of individual investors.

A partnership announced by the bank and YieldStreet Inc. on Wednesday will make about $2 billion of assets available to the platform’s mass affluent investors, according to people with knowledge of the deal’s size. Citigroup will make the investments available over the next 24 months, said the people, who asked not to be identified discussing confidential terms.

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