Saturday, 27 December 2014
Last updated 3 days ago
May 21 2014 | 12:20pm ET
Citadel Investment Group, one of the first six foreign hedge funds permitted to raise money in mainland China, has become the very first win final approval from Chinese regulators.
Citadel (Shanghai) Foreign Investment got its currency-exchange sign-off on March 26 after completing its fundraise, Shanghai authorities said. The Chicago-based firm, like the others to win the first qualified domestic limited partner licenses, had a US$50 million quota.
Such a license allows foreign firms, for the first time, to raise money in yuan from China’s richest citizens. The pilot program will eventually encompass US$5 billion in quotas.
In addition to Citadel, Canyon Partners, Man Group, Och-Ziff Asset Management, Oaktree Capital Management and Winton Capital Management have been awarded licenses.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.