{"id":9568,"date":"2009-01-07T00:00:00","date_gmt":"2009-01-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"main-citadel-hedge-funds-dropped-estimated-53-in-08","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/main-citadel-hedge-funds-dropped-estimated-53-in-08.html","title":{"rendered":"Main Citadel Hedge Funds Dropped Estimated 53% In &#8217;08"},"content":{"rendered":"<p>CNN Money &#8211; Citadel Investment Group&#8217;s main hedge fund lost 53% for 2008, according to a person familiar with Citadel&#8217;s preliminary estimates.<\/p>\n<p>  The $10 billion Kensington and Wellington funds lost about 9% during the first 24 days of December, punctuating the toughest year yet for Citadel founder Ken Griffin. That came after a 13% loss in November. In 2007, the fund was up 30%.<\/p>\n<p>  A bright spot this year was Citadel&#8217;s $3 billion market-making family of funds, which ended 2008 up about 43%, according to preliminary estimates.<\/p>\n<p>  Citadel has weathered the downturn better than some fund managers thanks to its financial flexibility and its size, at a time when the industry is contracting and many smaller funds are forced to close down.<\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/djf500\/200901061448DOWJONESDJONLINE000492_FORTUNE5.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNN Money &#8211; Citadel Investment Group&#8217;s main hedge fund lost 53% for 2008, according to a person familiar with Citadel&#8217;s preliminary estimates. The $10 billion Kensington and Wellington funds lost about 9% during the first 24 days of December, punctuating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2355,489,5256,1848,2381,5258,720,5257,5259,3451],"class_list":["post-9568","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-citadel-investment-group","tag-cnn","tag-cnn-money","tag-downturn","tag-estimates","tag-financial-flexibility","tag-fund-managers","tag-ken-griffin","tag-kensington","tag-wellington"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9568"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9568\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}