Citadel closes $200M mortgage fund

By Dow Jones Newswires
Posted March 30 at 5:31 p.m.

Citadel LLC, the $11 billion hedge fund run by Ken Griffin, shut its residential mortgage funds after portfolio manager Bill King left the Chicago-based firm, Bloomberg News reported Wednesday, citing three people familiar with the situation.

Citing the sources, Bloomberg said some clients in the $200 million mortgage fund for U.S. investors wanted to take out their money following King’s departure, prompting Citadel to liquidate the fund.

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