Citadel Denies Collapse Rumors

Oct 24 2008 | 1:57pm ET

Citadel Investment Group moved quickly to squelch rumors on Wall Street that the giant hedge fund was in serious trouble.

“Categorically false,” a spokeswoman for the Chicago firm told the Wall Street blog Dealbreaker. “Citadel continues to invest and operate business as usual across the globe. The firm’s liquidity remains strong with more than 30% of investment capital held in cash.”

According to the rumors, both the Federal Reserve and U.K. Financial Services Authority were in Citadel’s offices today, discussing how to handle the collapse of the $20 billion alternative investments giant. The Citadel spokeswoman also denied that the firm was seeking access to the Fed’s discount window.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...