Tag Archives: settlement-system


Citadel Shifts Capital, Will Focus on Seeding

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 […]

Hedge-Fund Redemptions Seen Haunting Exchanges In 2009

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 […]

Citadel hedge fund denies Fed probe

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. […]

Citadel Hedge Fund Down for the Year

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 […]

Citadel Hires Three From Lehman’s Europe Mortgage Bond Trading

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 […]

It’s D-Day for hedge funds as redemptions roll in

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 […]

Hedge funds grab the spotlight on Wall St.

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 […]

Hedge fund Citadel hires two from Merrill Lynch

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 […]

Executive leaves hedge fund Citadel

Reuters – A Citadel Investment Group LLC executive who ran an unprofitable credit investment group for the large hedge fund company has resigned, a person familiar with the matter said on Friday. Joe Russell, who was instrumental in making Citadel’s […]

Citadel, SAC Capital Get Pick of Casualties as Carnage Worsens

Bloomberg – Balyasny Asset Management LP recruited more than 30 money managers and analysts from competing hedge funds in the first eight months of the year, exceeding its total for all of 2007. “We have been aggressively looking for talent, […]

Citadel, SAC Capital Get Pick of Casualties as Carnage Worsens

Reuters UK – Balyasny Asset Management LP recruited more than 30 money managers and analysts from competing hedge funds in the first eight months of the year, exceeding its total for all of 2007. “We have been aggressively looking for […]

Citadel Investment Seeks $1 Billion for Global Macro Hedge Fund

Bloomberg – Citadel Investment Group LLC, the Chicago-based asset-management firm founded by Kenneth Griffin, is seeking about $1 billion for a new global macro hedge fund, according to a person with knowledge of the matter. The fund is set to […]

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