Citadel flagship funds downgraded by Moody's

Fri Mar 13, 2009




Moody's Investors Service downgraded Citadel Investment Group's flagship Kensington and Wellington funds, having concluded that they hadn't properly adjusted their risk management controls to deal with the rapid decline in the markets last fall – a decline that resulted in steep losses for the funds.

The operational quality ratings were lowered from OQ1, meaning "excellent," to OQ2, meaning "very good."...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI