Tuesday, 2 June 2015
Last updated 3 hours ago
Oct 6 2008 | 9:25am ET
Citadel Investment Group’s flagship fund is down by double-digits after the worst month in its history.
The $18 billion fund lost 15% in September, in part due to new restrictions on short-selling and lack of available money to borrow, the Financial Times reports. Prior to last month, the fund’s worst month was 14 years ago, when it sank 4%. The fund is down 18% year-to-date.
Citadel is more used to profiting from the market turmoil than suffering through it. The Chicago hedge fund giant has made a cottage industry of buying the portfolios of collapsing hedge funds, such as Amaranth Advisors and Sowood Capital Management.
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…