Citadel Investment Group news stories on Newser

Hedge Fund Selloffs Behind Swooning Dow

Clay Dillow — Fri, 07 Nov 2008 09:25:14 CST

Hedge funds are increasingly to blame for the swooning Dow, the Wall Street Journal reports, as demands from investors to withdraw funds have sparked a securities selling frenzy in recent days. The rush to withdraw comes as investors—endowments and pension funds as well as wealthy individuals—see other investments...

Why Midafternoon Brings Out the Bears

Jim O'Neill — Thu, 16 Oct 2008 12:50:28 CDT

An increasingly familiar Wall Street phenomenon—a three-digit swing in the Dow, usually down, in the final hour of trading—is a direct result of population growth in one species: bears. Margin calls are forcing panicked sell-offs, it's true, but the situation is more complicated than that, experts tell the...

Hedge Funds Poised to Profit as Banks Shun Risk

Clay Dillow — Tue, 23 Sep 2008 13:05:29 CDT

With the last two large US investment banks going commercial in an effort to stay afloat, private-equity and hedge funds are stepping into the void, the Wall Street Journal reports. Taking on roles previously filled by the likes of Goldman Sachs and Morgan Stanley, hedge funds like Citadel and private-equity...

Shakeup May Signal E*Trade's Availability

Jim O'Neill — Mon, 03 Mar 2008 10:48:00 CST

E*Trade Financial, stung by mortgage- and mortgage-backed securities market losses, is adding CEO to chairman Donald Layton's duties. The company may be dolling itself up for a possible sale by polishing its tarnished image, the Wall Street Journal reports. Since Layton, 57, became chairman in November, the brokerage has rebounded...

Citadel Bets Big on Mortgage Recovery in E*Trade Deal

Sam Gale Rosen — Fri, 30 Nov 2007 11:06:33 CST

In bailing out flailing E*Trade with a $2.5-billion infusion yesterday, Citadel Investment is among the hedge funds and private investors starting to bet big on a recovery in mortgage-related securities, the Wall Street Journal reports. "The market is pricing assets like things are going to get really bad," Citadel...