Mar
27
An Inside Look at Wall Street’s Secret Client List
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`Focus Five’ includes Millennium, Citadel and Point72
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Morgan Stanley, HSBC also culled and prioritized clients
There’s a secret list that Citigroup Inc. keeps on its equity-research desk at its swank campus in Tribeca.
And if you’re not on it — well, you might as well be nobody.
At the top is a handful of hedge-fund giants, the “Focus Five,” that bring in big money for Citigroup: Millennium, Citadel, Surveyor Capital, Point72 and Carlson Capital, according to a person with direct knowledge of the list. It represents a growing trend on Wall Street where the most-lucrative clients get the best service: the top trade ideas, hours-long calls with analysts, intimate soirees with executives, bespoke trading models, on and on…
An Inside Look at Wall Street’s Secret Client List
