Hedge Funds Performance

Can Citadel come back?


Stellar returns have made Citadel a powerhouse – and founder Ken Griffin the envy of his peers. But steep losses are raising questions about the Citadel model.

Big losses at Citadel raise questions about the Ken Griffin model

By Michelle Celarier with Carolyn Sargent

Ken Griffin might be his own worst enemy. Even when it would behoove him to play nice, he can't always manage to do it. Consider the Citadel Investment Group founder's conduct at the November 13 Congressional hearing on hedge funds - a rare public appearance. When House Committee on Oversight and Government Reform Chair Henry Waxman - known as the grand inquisitor for his prosecutorial bent - asked five assembled hedge fund heavyweights if more regulation of hedge