Saturday, 27 December 2014
Last updated 2 days ago
Jan 4 2008 | 8:14am ET
After enjoying another year of stellar returns, Citadel Investment Group may be ready to meet its public.
The $20 billion hedge fund giant is considering an initial public offering, BusinessWeek reports, citing sources who say the Chicago firm may “take the plunge this year.”
Citadel itself was coy about the possibility of a public listing. “An IPO is something we’d consider,” CFO Gerald Beeson told the magazine. “It would be a byproduct of our wanting to expand our firm to create an even more diverse and permanent institution.”
In September, Citadel hired John Andrews, the former Goldman Sachs head of investor relations, who joined the investment bank just prior to its 1999 IPO.
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.