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PRESS DIGEST - Funds Industry News - Jan 25

LONDON | Fri Jan 25, 2013 2:26am EST

LONDON Jan 25 (Reuters) - WALL STREET JOURNAL:

* Citigroup Inc's private bank is withdrawing its $187 million investment from SAC Capital Advisors LP, the latest of several client redemptions at the hedge fund firm.

FINANCIAL TIMES:

* Some of Britain's biggest investors are backing calls from Legal & General for sweeping reforms of the initial public offering market.
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