Citadel Hedge Fund May Go Public in 2008

The management of Citadel Hedge Fund may consider an Initial Public Offering sometime in 2008, according to published news by Business Week. No specific details or confirmation have been made by Citadel, but a statement attributed to one of the Citadel Managers may have led to such speculations.
Gerald Beeson, the Chief Financial Officer of Citadel was quoted by Business Week as saying that Citadel may consider an IPO; such opportunity according to Beeson may help Citadel to create a “more diverse and permanent institution”, he added.
Citadel Hedge Fund achieved 30% return in 2007, such extraordinary performance exceeds, the average return posted by most Hedge Fund Managers.

About Citadel
Citadel Investment Group, LLC is a privately owned hedge fund sponsor. The firm invests in the public equity, fixed income, credit, and options markets of the United States. It typically makes its investments in the U.S. convertibles, Japanese equity warrants, and European convertibles. The firm employs a relative-value, event-driven, and a fundamental approach to make its investments. Citadel Investment Group was founded in 1990 and is based in Chicago, Illinois with additional offices in New York; San Francisco, California; London; and Tokyo, Japan.  Citadel is one of the largest Hedge Fund managers in the world, overseeing over $20 billion in total investor assets.

Hedgefundexchange.net Staff Writer