Litowitz is back and building for launch

Sun May 1, 2005



After two years out of the market competing in triathlon events, former Citadel equities chief Alec Litowitz is preparing to launch what is expected to be the largest-ever hedge fund by an alumnus of Ken Griffin's Citadel Investment.

Litowitz is now actively recruiting for the multi-strategy firm, Magnetar, which will be based in Chicago. It is unclear how much Litowitz would like...

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