Hedge Fund News From HedgeCo.Net

Citadel eager to sell i-bank unit, funds soar

Reuters – Hedge fund firm Citadel appears to be one of the industry’s few big winners during the market sell-off as it delivered strong returns and moved to shed non-core operations.

Chicago-based Citadel’s two main funds were up 14 percent for the year through last Friday, according to two investors, presenting a starkly different picture from heavy losses at other industry titans.

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