Citadel sees opportunity in tough times

It's a cliche that the real visionaries see opportunity in crises. But Citadel apparently sees a good chance to lock in talent. It has announced a string of hires recently that Financial News Online has noticed. The latest catch: Derek Kaufman, most recently the global head of fixed income in JP Morgan's proprietary positioning group, will join as head of fixed income. So what's going on? Well, the woes of investment banks are adding up, and many may be inclined to seek greener pastures. Hedge funds have long been seen as more desirable. But there may be another lure. There has long been chatter about a Citadel IPO. The rumor comes and goes. If CEO Ken Griffin were to offer shares, it would enrich a lot of executives who got in early. Just a thought.  

For more:
- here's the Financial News Online article