Softening its stance, Citadel moves to pay out redemptions

Fri Feb 20, 2009

Citadel Investment Group, which manages $12 billion, will begin paying out a portion of the estimated $1.2 billion in withdrawal requests that it has received.

The firm’s flagship multistrategy portfolio lost about 55% last year and halted redemption payouts in December to avoid further losses through a forced sale of assets. A number of the industry’s biggest funds suspended redemptions last year , including Tudor Investment...

ISSN: 2151-1845 / CDC10004H

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