Citadel Investment Group Investors
Citadel Seeks to Regain Investors' Trust After Steep Losses
In a September interview in his Chicago office, Mr. Griffin expressed exasperation at investors' desire to keep dissecting last year's disaster, comparing their fascination with people's inability to look away from a car crash. "I've told the story of 2008 many times," he said.
Citadel's biggest mistake last year, Mr. Griffin said, was putting too much faith in regulators' ability to deal with the global meltdown.
Mr. Griffin's predicament reflects broader troubles at hedge funds world-wide. For much of the decade, hedge funds ranked among the hottest investments. But these largely secretive, complex investments, heavily reliant on borrowed money, were hammered in 2008 by the crisis in the world financial system.
But a parade of frauds, the insider-trading allegations swirling around Galleon Management and the weak economy have kept big clients (pension funds, endowments, the super-rich) from plowing in more money. Hedge funds crave new investments to make up for losses and withdrawals they've suffered. Source
Related to:Citadel Investment Group Investors
- Hedge Fund Tracker Tool
- Fund Marketing and Sales Advice
- Top Hedge Fund Managers
- Free Online Hedge Fund Videos
- Careers & Employment Guide
- Hedge Fund Holdings & Securities Analysis
- Hedge Fund Terminology
- Geographical Guides
- Hedge Fund Startup Tools
Tags: Citadel Investment Group Investors, Citadel Investment Group losses, Kenneth Griffin, hedge fund losses, hedge funds, investors, financial crisis, manager kenneth griffin