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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The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.