New York (HedgeCo.net) – Seven years ago, Ken Griffin saw his hedge fund empire on the verge of a collapse, but Citadel has rebounded like the market and he is now considering taking the firm public. The idea has been tossed about for several years, but according to a report in The Wall Street Journal the firm is considering an IPO in the second half of 2016.
Citadel has bounced back nicely since the financial crisis in 2008 and the firm has seen its assets under management grow substantially in the last few years. After starting 2014 with $16 billion in AUM, the firm is now managing $26 billion. The growth has been two-pronged with new assets coming in as well as the 29% gain in the fund itself.
Even with the success Citadel has had in the past, the markets have not been kind to other publicly traded alternative investment firms. Just in the last few months alone, four competitors have posted less than stellar earnings.