Chicago-based Northern Trust Corp. has agreed to buy hedge fund manager Citadel LLC’s fund administration business, Omnium LLC, a person familiar with the situation said Thursday. The value of the deal was not known. Get the full story »
Citadel
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Citadel’s Ken Griffin buys $17M home in Hawaii
Ken Griffin, the chief executive of Citadel in Chicago, has bought an oceanfront home at the Four Seasons’ Hualalai resort in Hawaii for just under $17 million. Get the full story »
Citadel investment banking unit loses 3
From Bloomberg News | Chris Boas, Brad Kurtzman and Carl Mayer, senior executives at the investment banking unit of Chicago-based Citadel LLC, have left the firm. Get the full story>>
Citadel delivers 10% gain on 20th anniversary
Hedge fund firm Citadel, one of the world’s biggest, returned 10 percent to its investors this year, more than double what its peers earned on average.
The Chicago-based firm’s flagship Kensington and Wellington funds climbed about 10 percent, according to a person who has seen the numbers but was not allowed to discuss them publicly. Get the full story »
Citadel’s Griffin contributes to Karl Rove’s PAC
Ken and Anne Griffin. (Andrew Campbell)
From Bloomberg News | Kenneth Griffin, chief executive of Chicago-based hedge fund Citadel Investment Group LLC, and his wife Anne each contributed $250,000 to Karl Rove’s American Crossroads fundraising group, new Federal Election Commission reports show. Get the full story>>
Citadel, others subpoenaed in insider trading probe
Federal authorities, intensifying an insider-trading investigation, are demanding trading and other information from some of the nation’s most powerful investment firms.
Hedge-fund giants SAC Capital Advisors and Citadel Asset Management, big mutual-fund company Janus Capital Group Inc. and Wellington Management Co., one of the nation’s biggest institutional-investment firms, have received subpoenas from the Manhattan U.S. Attorney’s office seeking trading, communications and other data as part of a broad criminal investigation, according to people familiar with the matter. Get the full story »
