Citadel Ends Redemption Bar

Citadel Investment Group has lifted its redemption suspension 10 months after barring withdrawals, making good on a promise it made last month.

The Chicago hedge fund giant imposed redemption gates in December to close a year in which its flagship funds lost more than 50%. By the end of last year, investors had sought to withdraw more than $1.5 billion from the firm.

But like many of its peers, Citadel has had a big bounce-back year. The Kensington and Wellington funds, so hard-hit last year, have soared 57% this year.