Friday, 29 August 2014
Last updated 2 hours ago
Jan 11 2013 | 1:19pm ET
Citadel Investment Group enjoyed "an exceptional year" with all of its hedge funds posting double-digit returns.
In a letter to investors, founder Kenneth Griffin took a victory lap. He crowed about the returns of Citadel's flagships, with the Wellington Fund rising 25.9% and the Kensington Fund 24.9%. But Citadel's banner 2012 didn't end there: The firm's Tactical Fund rose 25.7% and its global equities fund rose 17.8%.
Those returns helped push Citadel's assets under management up to $14 billion, $3 billion more than at the beginning of 2013.
Griffin also gave investors a look at his hopes and plans for this year, saying Citadel aims "to be highly profitable, to improve our productivity and to strengthen our teams." But, he acknowledged, "The global economic landscape continues to be awash in uncertainty. This environment demands that we carefully balance our aggressive pursuit of gains with the protection and preservation of investment capital during periods of market turmoil."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...