Citadel Investment Group, the alternative investment house, is winding down its $1bn fund of hedge funds and redeploying the capital to support new hedge funds as they emerge in the coming months. The move suggests Citadel is positioning itself to back managers who have quit the business or been forced to shut their funds in recent weeks as they launch new funds in the coming months.

This entry was posted by Tracy Alloway on Friday, October 31st, 2008 at 3:53 and is filed under Capital markets, Hedge funds. Tagged with citadel. Edit this entry.