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Wellington
Latest Headlines
Latest Headlines
Citadel's Kenneth Griffin pitches funds in new environment
Not so long ago, the hedge fund ( hedge fund news) world-changer Citadel seemed to hit rock bottom. At the height of the crisis, there were rumors it might even fold. But it survived , and seems to be faring decently these days.
Founder Kenneth Griffin is on the stump, trying to sell his
How good was the year for hedge funds?
While we await word on final 2009 performance numbers for hedge funds, we can at least pronounce that the average fund fared quite well compared to 2008. Last year may well have been one of the best years ever. Gains averaged around 13 percent as the year wound down.
True, the average gain wi
Hedge funds change with the times
Institutional investors have made their voices heard, and more than the threat of added regulation (which may not materialize), that has led to some interesting changes. We've noted that hedge funds have indeed been humbled and are making big changes in fee structure, lock up periods, governance c
Citadel battling at the rampart
What is a hedge fund firm like Citadel to do? It's top two funds--Kensington and Wellington--each fell more than 50 percent in 2008. Both were forced to clamp down on redemptions. Such losses would likely have proved fatal for smaller funds. Dow Jones suggests that Citadel benefits from its he
How Citadel survived the crisis
Fortune offers an interesting story about how Ken Griffin's Citadel survived the credit tsunami, that is, the vicious rumors that had engulfed it earlier this year. His two funds, Kensington and Wellington, are not faring well. That much is fact. But the rumors had gotten way out of control; t
