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Former Citi Trader Starts New Hedge Fund

A trader blamed with crippling Citigroup is making a comeback by starting a hedge fund that has already attracted decent interest, people familiar with the situation told CNBC.

Tom Maheras, a former trader who worked for Citi's capital market group, is serving as the head of a hedge fund that has already acquired about $100 million in assets.

Maheras is partly blamed for Citigroup's troubles because he was the head of fixed income while the firm acquired an excess of CDO’s in its portfolio, which eventually sent the firm into a downward spiral.

Maheras left Citigroup in 2007.

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