Citigroup has terminated a technology support service for start-up hedge funds in the wake of a downturn in hedge fund launches, Financial News reports. The bank helped prime brokerage clients with technology issues and their infrastructure through the fee-less service.

Citigroup has shifted its focus to servicing larger hedge fund clients. The technology support suspension comes on top of the banks’ revamp plan entailing worldwide job cuts following losses it suffered from risky investments in securities linked to the mortgage market.

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