Citadel Redemption Model Attracts Interest

Chidem Kurdas

Citadel Investment Group may have found the right balance

Citadel Retains Collateral Status

Institutions use their fund investments as collateral for borrowing money. But

Citadel Keeps Gates

Chidem Kurdas

Last year Citadel Group ended its freeze and allowed investors to redeem. This month Fitch affirmed the ratings of two big Citadel funds, Kensington Global Strategies and Citadel Wellington, at BBB-.  Fitch revised its rating outlook for the funds to “stable” from “negative”.

The freeze had been instituted after heavy losses and redemption requests in 2008. In 2009, Citadel had very strong returns. So the rough patch appeared to be over.

But the funds did not fully recover and redemptions remained restricted, according to an investor.

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