Tuesday, 30 June 2015
Last updated 9 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…