Citadel Investment Group told investors it would fully lift its 10-month ban on withdrawals from the hedge-fund firm, and also confirmed on Thursday that a banker it hired last year to build an investment bank, Rohit D’Souza, was leaving, reports the WSJ. The developments showcase the challenges facing the firm that manages $14bn in assets as it tries to recover from a grim 2008 while diversifying into other businesses. Kenneth Griffin, CEO, built Citadel’s reputation via strong hedge-fund returns. But last year the firm stumbled, losing more than 50% in its flagship funds.
