Investors Commit $1 billion to Ken Griffin's Citadel Investment Group
| December 28th, 2009 | ||
| After a year of tremendous come-backs, Ken Griffin and Citadel Investment Group expects about $1 billion in new investor inflows early next year. According to Reuters, Citadel’s two flagship funds Kensington and Wellington lost 55% in 2008, prompting investors to ask for about $1 billion back. In 2009 through December though, Citadel returned 62% while the industry average was around 19% through November of 2009. Citadel is one of the world’s 15 largest hedge fund firms and manages about $13 billion in assets. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Citadel Investment Group |
Related People: Brandon Haley;
Related Entities: Citadel Alternative Asset Management;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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