Friday, 26 December 2014
Last updated 2 days ago
Jan 7 2009 | 1:02am ET
A brutal December has left Citadel Investment Group’s flagship hedge funds deep in the red for last year.
Through Christmas Eve, the Kensington and Wellington funds lost 9% on the month, leaving them down roughly 53% on the year, Dow Jones Newswires reports. Citadel suspended redemptions from the funds through at least the first quarter of this year after investors sought to yank $1.2 billion of the roughly $10 billion managed by the funds.
The news was not all bad for the Chicago hedge fund giant last year, one of the worst in the history of the hedge fund industry. The firm’s market-making hedge funds, which manage some $3 billion, returned an impressive 43% last year, while most hedge funds were down by double-digits.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.