Financial-Planning.com - The fate of many a hedge fund relies on what investors decide to do with their money on Nov. 15, when it is possible an overwhelming majority could ask for their money back by the end of the year, Dow Jones reports.
If there is a rush to the exits, that could send the […]

New York Times - Several leading hedge fund managers told Congress on Thursday they support some new regulation of hedge funds and the complex derivative securities that are partly blamed for the global financial crisis.
But they advocated only the lightest supervision of their industry, and said they would be willing to disclose their […]

Philip Falcone
The Phantom
Falcone, 46, has been dubbed the "Midas of misery" for taking lucrative short positions in the shares of struggling banks including HBOS and Wachovia. He lives in a 27-room townhouse on Manhattan’s Upper East Side bought for $49m. The youngest of nine children, he grew up in Minnesota and was a young […]

Caribbean Net News - Citadel Investment Group, one of the world’s biggest hedge funds, is closing down a Bermuda reinsurer it formed in 2004, according to a source familiar with the matter.
Citadel, which manages roughly $18 billion, thought it had a winning business plan with CIG Re because it was fully collateralized, giving the […]

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 […]

EasyBourse.com - When CME Group Inc. (CME) chose Citadel Investment Group founder Ken Griffin to front the first in a series of corporate advertisements last year, the symbiotic relationship between exchanges and hedge funds was at its peak.
The image of Griffin, poised calmly over a crevasse, was intended to illustrate how the best managers can […]

Business Day South Africa - Examiners with the US Federal Reserve have questioned Wall Street counterparties about their exposure to debt and other holdings of Citadel Investment Group, The Wall Street Journal reported at the weekend.
Citadel denied the report.
Citing people familiar with the matter, the j ournal said the Fed questioned the counterparties in […]

New York (HedgeCo.Net) - The largest hedge fund run by Citadel Investment Group has fallen 30 percent this year stemming from losses tied to convertible bonds. The $10 billion Kensington Global Strategies Fund has been hit hard by the credit crunch, prompting CEO Kennith Griffin to warn investors that returns may be extremely volatile […]

Bloomberg.com: UK & Ireland - Citadel Investment Group LLC, the $19 billion hedge-fund firm run by Kenneth Griffin, hired three senior executives from Lehman Brothers Holdings Inc. to boost its fixed-income team.
Timothy Bryan Wilkinson, former head of fixed income proprietary trading at Lehman Brothers, will work on the same business at Citadel’s proprietary trading group […]

Reuters - Hedge fund managers are facing D-day as investors demand back billions of dollars from ailing and healthy funds alike.
Funds managers around the world said they are sitting on record levels of cash to meet an expected flood of "I want my money back" notices on Sept. 30 — the end of another […]

Politico.com - Even as the storied financial names vanish — Lehman Brothers, Merrill Lynch and Bear Stearns — they’re being quietly replaced by less familiar ones: Cerberus Capital Management, Citadel Investment Group, SAC Capital Partners and the other biggest hedge funds and private equity shops in the world.
The consensus in Washington is that […]

Reuters - Hedge fund firm Citadel Investment Group said on Tuesday it had hired two senior sales executives from Merrill Lynch, the investment bank that is being sold to Bank of America  for $50 billion.
Chicago-based Citadel, which manages around $18 billion in assets, said in a note that Tobias Gehrke and Anita Nassar had […]