Citadel Swears, ‘It’s Not Us’

Nov 20 2006 | 12:24pm ET

Beset by speculation that it is the hedge fund rumored Friday to be in dire straits, Citadel Investments says it is in no danger of blowing up.

A Citadel spokesman, Bryan Locke, denied Friday that the firm was in any trouble resulting from bad energy trades, as the rumors went. The firm reiterated its denial this morning.

“We are aware of the rumors,” Locke said. “They are completely unfounded.”

Reuters reports that people familiar with the Chicago firm’s two multistrategy funds say they are up about 20% this year.

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…