Why Blackstone, Citadel, Lansdowne Gain as Rivals Falter in 2015

(Bloomberg) Hedge fund managers have complained all year about a lack of liquidity and volatile markets in explaining some of the worst performance since the financial crisis. Yet a handful of multi billion-dollar firms including Blackstone Group LP, D.E. Shaw, Millennium Partners and Citadel have managed to side-step those problems and post double-digit returns….

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