Citadel A Debt Pioneer

Nov 28 2006 | 2:14pm ET

Citadel Investment Group isn’t collapsing. It’s just taking on debt.

In what is being called the first deal of its kind, Citadel is to raise $2 billion with an offering of medium-term unsecured notes, according to Fitch Ratings. The Chicago-based firm, with some $13 billion in assets under management, is also the first hedge fund firm to receive a Fitch debt rating, in this case triple-B-plus, making the investment-grade cut, if only barely.


In Depth

Fund Focus: Don’t Call K1T Capital A ‘Trend Follower’

Jul 10 2014 | 10:39am ET

You may call K1T Capital many things—systematic, quant-based, hedge fund—but...

Lifestyle

RenTech Founder Donation Establishes Quantitative Biology Institute

Jul 8 2014 | 5:19am ET

James Simons used math to make his fortune, and he’s dedicating some of it to...

Guest Contributor

As Hedge Funds Go Retail, Communications Is Key

Jul 2 2014 | 6:56am ET

The past two years have seen an explosion in the number of hedge fund managers rolling...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Service Providers


Publisher's Note