Monday, 4 May 2015
Last updated 10 hours ago
Aug 17 2009 | 1:31pm ET
Not content with being a mere hedge fund giant, Citadel Investment Group is continuing its effort to diversify away from alternative investments. The Chicago-based firm reportedly tried—and failed—to lure a quartet of Barclays Capital’s loan team to set up a leveraged-loan trading business.
Citadel tried to hire two senior and two junior members of the Barclays loan sales and trading desk, Bloomberg News reports. The Barclays employees elected to remain with the British bank. But Citadel apparently isn’t giving up on its plans for a leveraged loan desk, although Bloomberg says it is not clear when the group will begin operations or how many people the firm hopes to hire.
After bottoming out in December, the debt markets have bounced back this year, returning 42%. But there is still plenty of laid-off talent available for firms new to the business to attempt to grab a share of the market.
Leveraged loans is not the only non-alternatives business where Citadel is aiming to make a name for itself. Earlier this year, the firm founded an investment-banking unit.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…