Kenneth Griffin Announces Two Citadel Funds will be Unfrozen
| October 29th, 2009 | ||
| A year after Kenneth C. Griffin’s Citadel Investment Group froze its Kensington and Wellington funds, investors will now be able to withdraw their capital starting November 30th, according to The New York Times. In a letter to investors, Mr. Griffin announced Citadel’s plan to lift the withdrawal suspension on both funds citing a dramatic recovery and the fact they are up more than 57 percent this year. In December 2008, Mr. Griffin issued a letter to investors continuing the suspension on withdrawals due to only modest improvements in the markets. | ||
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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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