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...Citadel Securities is the market-making business started by Griffin, founder of the hedge fund Citadel....
...Successfully traversing such terrain demands forecasting talent, which Ark Investment Management lacks.”...
...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...Billionaire Ken Griffin’s Citadel Securities has moved the testing of the algorithms that power its millions of trades a day into the cloud to cope with the vast quantities of data thrown up by financial...
...Goldman Sachs and Citadel Securities are among a group of 10 large trading groups backing bond pioneer Howard Lutnick’s renewed tilt on CME’s monopoly on the US Treasury futures market....
...Citadel was last year named the most successful hedge fund of all time and has made large profits trading commodities....
...Hedge fund Citadel and its sister firm, market-maker Citadel Securities, have agreed to pre-let at least 250,000 sq ft, or a third of the space, at 2 Finsbury Avenue....
...If he worked for Citadel Securities, we would fire him, as ability and integrity are at the centre of everything we do.”...
...Bloomberg first reported Citadel’s and Millennium’s performance....
...Citadel declined to disclose its 2023 performance....
...Some multi-strategy firms, which trade a range of strategies, also performed well — including Citadel....
...UBS, Citadel and Ant declined to comment. The China Securities Regulatory Commission did not immediately respond to requests for comment. Bloomberg first reported Ant’s bid....
...Citadel Securities and Citadel, the hedge fund owned by Griffin, have also been expanding elsewhere in Asia, opening offices in Tokyo last year....
...In 2022, Griffin’s Citadel became the best-performing hedge fund of all time. But now, cracks in the sector are beginning to form....
...A portfolio manager at Izzy Englander’s Millennium Management is preparing to launch what would be the biggest new hedge fund in more than a year after securing $3bn of capital from his employer and taking...
...strategies, overseen by sophisticated risk management technology....
...It is still the third best-performing multi-strategy firm over the past three decades, behind Ken Griffin’s Citadel and Millennium....
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
...Griffin seems awfully confident that Citadel would still be able to HODL their Treasury basis trades....
...Multi-managers have accordingly generated much of the growth in hedge fund assets under management over the past five years....
...Every day, we’re working our asses off to compete with Citadel, et cetera, and the exchanges and 40 different ATSs....
...As a result, even if, say, a Citadel or Millennium has God-level risk management skills and Satan-level capital lock-ups, it’s easy to envisage a scenario where a smaller, less adept multi-manager hedge...
AI caramba
...“The Citadel migration is definitely occurring.”...
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