Citadel Ponders IPO

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note