Citadel's New Hedge Funds 1 comment
March 12, 2009
an article to
-
Font Size:
-
Print
- TweetThis
Ken Griffin's Citadel has plans to roll out a few more funds, even after Citadel's flagship funds had a rough year in 2008. One will focus on currencies and interest rates, one will focus on stocks, and another will focus on convertible bonds. Citadel is trying to roll out lower fee funds in an effort to attract more investors. Additionally, it's hoping to raise $2-5 billion for the Global Macro Fund.
We'd mentioned this fund back in September, as it will be run by Kaveh Alamouti. Additionally, back in December, we noted that the firm had opened its Tactical Trading fund to investors. Lastly, Citadel also amended its redemption 'policy' and readers can read about it in one of Citadel's recent letters to investors.
Related Articles
|
-
The Seeking Alpha 100
See allThe top 100 stock
market authors
selected for publication in the last week
Seeking Alpha 100 » -
Fastest Climbers
Those with the largestSee all
increase in followers
in the last week
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most activeSee all
Instabloggers.
Top Instabloggers » -
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
I would rephrase this as "to roll out a few funds BECAUSE Citadel's flagship funds had a rough year". Older funds have a high water mark and won't earn any incentive fees for a while. New funds have no such hurdle.