(Reuters) - Citigroup is facing fresh problems at its private-investments division over two funds that were overseen by Michael Froman, who left the bank's Alternative Investments unit in January to be a White House aide, the Wall Street Journal said.

Clients of one private-equity fund investing in infrastructure projects voted to keep it from making new investments as several major deals fell through, even as its co-head quit, while another smaller fund was shelved last year, the paper said, citing people familiar with the matter.

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Posted by rjorr at July 20, 2009 4:54 PM