Citadel Flagship Down 18%

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.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note