Citadel's Main Hedge Funds Lost 53% in 2008
Citadel Investment Group, the Chicago-based hedge fund founded by Ken Griffin, is reportedly facing losses of more than 50% in its Kensington and Wellington funds which lost almost 10% in December alone.
The funds assets had previously totaled more than $10 billion. The report comes after Citadel halted redemptions from its Kensington and Wellington funds until at least March.
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