Friday, 24 October 2014
Last updated 3 hours ago
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.
The debt will be sold through a private placement, so the bonds will not be registered with the Securities and Exchange Commission. Lehman Brothers and Goldman Sachs are leading the sale.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...