Reported 2 days ago
Citadel has offered clients the chance to cash out profits following a 15% gain in its flagship strategy last year, yet most have chosen to keep their investments in the multistrategy hedge fund. Out of significant profits made, only approximately $300 million is being withdrawn, contrasting with previous years where profit redemption was mandatory. This reflects investors' limited opportunities for new allocations as many funds are now returning capital or are unable to accept new money.
Source: YAHOO