Displaying all articles tagged:

Citadel

  1. the coming econopocalypse
    Citadel’s Kenneth Griffin Forgot He Was Speaking to a Room Full of Hedge Funds“That one landed with a thud.”
  2. doing what the part requires
    Forget Oliver Stone: The Good Guy Will Show You the Real Wall StreetWith some kissing scenes with the girl from the ‘Gilmore Girls’ interspersed, obviously.
  3. the downturnaround
    Rock and Roll Is Recession-ProofIn today’s digest of good economic news: Hedge funds get back on the plus side, Nate Silver applies his magical mind to the economy, and rock and roll plays so loud it can’t even hear the recession.
  4. company town
    Citadel Founder: The Kids Aren’t AlrightPlus, the latest on Bear Stearns, Robert De Niro, and Norm Pearlstine in our daily industry roundup.
  5. company town
    Finance Types Split Over Hillary and RomneyFINANCE • Wall Street hopes Hillary has a super Super Tuesday, but private equity is standing by one of its own. Fourth-quarter campaign-financing reports show Senator Clinton taking in the lion’s share of donations from the Street’s top ten financial firms. Meanwhile, Bain Capital co-founder Mitt Romney is still tops among the PE crowd. [NYT/Dealbook] • So, what’s it gonna be, boy? Stuck between Microsoft’s rock and Google’s hard place, Yahoo! CEO Jerry Yang has limited options for saving his company at his disposal. [NYP] • If you believe the latest hype, Citadel is paving the way for an IPO after all. Ken Griffin’s asset-management firm has split its proprietary hedge-fund business from its client-based options-making business. “Legally, it makes it cleaner,” said Josh Galper in an interview. [Bloomberg]
  6. company town
    Let the Bear Blame Game BeginFINANCE • Bear Stearns followed up yesterday’s Morgan Stanley announcement with its own $850 million loss, again the first quarterly deficit in the bank’s history. [DealBook/NYT] • Is former Bear Stearns exec Ralph Cioffi, the guy behind the two Bear funds that imploded this summer, the main culprit in the subprime crisis? New reporting suggests his team set off the plague of dirty debt that cost Citi and other top banks billions. Oh, and Cioffi’s under investigation for pulling out a couple mil before anyone else got the chance. [Business Week] • What a mensch: David Rubenstein, the former lawyer turned Citadel private-equity master, decided to keep his new copy of the Magna Carta on display at the National Archives. Rubenstein paid $21.3 million — chump change for a guy worth around $2.5 billion. [Law Blog/WSJ]