14 Facts About Citadel LLC


Citadel LLC is an American multinational hedge fund and financial services company.

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Citadel LLC is a separate entity from the market maker Citadel Securities, although both were founded and are owned by American financier Kenneth C Griffin.

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Citadel LLC was originally named Wellington Financial Group after its flagship fund.

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In 1998, Citadel LLC started requiring investors to accept terms that "significantly restrict[ed] their ability to withdraw their capital", according to Institutional Investor.

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In 2014, Citadel LLC became the first foreign hedge fund to complete a yuan fundraising as part of a program to allow Chinese investors to invest in overseas hedge funds.

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In 2021, Citadel LLC ranked second among the top money managers for net gains.

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Citadel LLC manages funds across five different investment strategies including equities, commodities, fixed income, quantitative strategies, and credit.

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Citadel LLC additionally founded $500 million reinsurer New Castle Re in 2005, seeking to capitalize on rising prices for reinsurance in the wake of Hurricane Katrina's damage to property coverage costs.

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In 2014, Citadel LLC rated an A grade for risk management in the annual Institutional Investor Hedge Fund Report Card.

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Citadel LLC Technology, established in 2009, was a wholly owned and independently operated affiliate of Citadel LLC.

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In November 2006, Citadel LLC became the second hedge fund to publicly issue debt bonds to investors in the form of senior unsecured debt totaling $2 billion, in an arrangement managed by Lehman Brothers and Goldman Sachs.

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In March 2015, Citadel LLC received a Top 10 Great Workplaces in Financial Services ranking by the Great Places to Work Institute, based on a survey by Citadel LLC employees.

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Citadel LLC has played an active role in regulatory affairs and has advocated for financial legislation on market structure.

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Citadel LLC spoke out against Wall Street for lobbying to delay the implementation of the Dodd–Frank Act.

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