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Citadel Shifts Capital, Will Focus on Seeding

on Friday, October 31st, 2008 at 12:00 am

New York (HedgeCo.Net) - Citadel Investment Group announced yesterday it will shut down its $1 billion fund of hedge funds portfolio and use the capital to invest in other businesses.
The Fusion fund was launched a year and a half ago, with nearly 95 percent of the capital coming entirely from Citadel. The money will be […]

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Man arrested in failed hedge funds

on Monday, July 21st, 2008 at 12:00 am

Cayman Net News- The Royal Cayman Islands Police Service (RCIPS) have arrested an unidentified 47-year-old man in connection with last month’s collapse of several Cayman-domiciled investment funds.
Detectives from the Financial Crimes Unit (FCU) arrested the man on suspicion of theft, false accounting and uttering false documents after their investigations into the collapse of four hedge […]

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