Citadel Assumes Control of Majority of Sowood Capital Positions.CHICAGO -- Citadel Investment Group Citadel Investment Group is a $13.4 billion [1] hedge fund based in Chicago, Illinois, founded by billionaire trader Kenneth C. Griffin. It is one of the world's largest hedge funds. , L.L.C., one of the world's leading financial institutions focused on alternative asset management strategies, today announced it has reached agreement to assume Sowood Capital's Credit Portfolio. Kenneth Griffin, Citadel's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented on the transaction, "Our ability to use our capital to consummate this transaction with Sowood exemplifies the strength of our organization. This transaction provides for an orderly transference TRANSFERENCE, Scotch law. The name of an action by which a suit, which was pending at the time the parties died, is transferred from the deceased to his representatives, in the same condition in which it stood formerly. of risk between the parties, and I am proud of our team's ability to execute this transaction in a timely fashion. Moreover, we appreciate the professional manner in which the Sowood team handled this complex transaction from start to finish." About Citadel Investment Group Citadel is one of the world's leading financial institutions focused on alternative asset management strategies. The Citadel group of companies employ over 1,000 professionals at headquarters in Chicago and across its offices around the world, including New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , London, Hong Kong and Tokyo. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion