Tuesday, 27 January 2015
Last updated 3 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…