Citadel émigré raises $1.5 billion

Wed Apr 30, 2008

Former Citadel Investment Group equities chief Anand Parekh's Highliner Investment Group opened its flagship equity fund to outside capital on April 1, pulling in $400 million from a small group of investors and bringing the new firm's total assets to about $1.5 billion.

Prior to the opening, Parekh had accepted more than $1 billion in a managed account run for a single anchor investor, reportedly Deutsche Bank, where Parekh...

ISSN: 2151-1845 / CDC10004H

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