Citadel Investment Group Fund down 30% Through October 2008

Citadel Investment Group's largest hedge fund was down 30% for the 08 year through September amid losses on corporate debt, stocks, and convertibles. Citadel founder Ken Griffin expects volatility to continue to rock the market in the months ahead. Griffin admits not being pessimistic enough about the economic and market outlook. Citadel plans to launch additional single-strategy hedge funds including a macro fund, convertible fund, and a fixed income hedge fund.

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