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Citadel Aims To Raise $1 Billion Hedge Fund
August 26, 2008
Chicago-based alternative asset manager Citadel Investment Group is aiming to raise a whopping $1 billion for a global macro hedge fund.
The new fund will be run by Kaveh Alamouti, who hails from New York-based hedge fund Moore Capital Management. Alamouti will run the new fund out of London.
"There are tremendous trading and arbitrage opportunities in the global markets, creating a very attractive environment for a multi-strategy macro business," said Alamouti, who was hired by Citadel in March.
Prior to joining Moore Capital, Alamouti founded Optimum Asset Management.
Citadel Investment Group, which was founded by Kenneth Griffin, has approximately $20 billion in assets under management.
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