Citadel Set For Dallas Office

Jul 27 2010 | 12:08pm ET

Citadel Investment Group plans to open a Dallas office next month.

The Chicago-based alternative investments giant’s Texas base will be its fifth office, after its Windy City headquarters, New York, San Francisco and Hong Kong. The Dallas digs will be a good deal smaller than the other offices, with just three to five employees initially and about 10 by the end of the year, Dallas Business Journal reports.

Mickey Minces of hedge fund servicing operation Blue River Partners told DBJ that the Dallas office would focus on hedge fund seeding and investing in other early-stage managers.

Citadel is subleasing its new office from fellow hedge fund Bonanza Capital. The $11 billion firm’s Dallas office will be in 6,282 square feet at 300 Crescent Court in Dallas’ Oak Lawn neighborhood.

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