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Mega Hedge Fund Launched by Two Ex-Citadel Traders
One of the largest hedge funds to get started this year is being brought to market by two managers who got their start at Citadel. Michael Rockefeller and Karl Kroeker launched Woodline Partners this week with $2 billion in investor commitments. So far in 2019 it is the biggest fund to be launched. The beginning […]
Ex-Citadel Trader Opening New Hedge Fund
Ron Ozer, former portfolio manager at Citadel, opened his own hedge fund which will focus on trading natural gas. Ozer was co-head from July 2015 to April 2017 of the US natural gas trading division at Citadel, which today manages $30 billion. Statar Capital LLC, Ozer’s new fund, has already raised about $140 million from […]
Top 25 Fund Managers Earned $15.38 Billion Collectively in 2017
Hedge funds seem to be rebounding from their years-long slump, with 2017 being spectacularly lucrative for the extremely lucky few. Four hedge fund managers realized personal annual earnings topping the one-billion-dollar mark, an astronomically good years wages by anyone’s standards. Those four include James Simons of Renaissance Technologies with a sweet $1.7 billion; David Tepper […]
Citadel’s Aptigon Lays Off 34% of Staff
One of the world’s largest hedge funds, Citadel, has shrunk the size of its stock-picking division, Aptigon. The company fired 49 people between the end of February and early March from its two-year old unit, a loss of 34% of staff. Among the people who lost their jobs were portfolio managers, analysts, associates and others. […]
Is Bitcoin in a Bubble? Experts Say Yes
As the value of one bitcoin explodes past $11,000, some in the hedge fund community are bad-mouthing the rise of the mysterious cryptocurrency. Ken Griffin, founder and CEO of the Citadel hedge fund, compares the recent blast-off of bitcoin to the infamous tulip bulb bubble in 17th century Holland, also known as “tulipmania.” Griffin believes […]
MoMA Gets Gifted from Griffin
Hedge fund manager Kenneth C. Griffin has donated an unrestricted gift of $40 million to New York’s Museum of Modern Art. Museum officials announced the donation, which is the single largest in the history of the museum. In response to the generous gift the museum will name its most famous building for him- calling the […]
Citadel, Point72 and Pershing Square Grew Well in 2014
In general it was a slow year for hedge funds, but not for everyone. Chicago-based Citadel was able to take what was a challenging year for most funds and turn it into a year of excellent growth. Citadel’s equity hedge fund realized over 23 percent returns, while their multi-strategy flagship funds, Kensington and Wellington had […]