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Billionaire Ken Griffin: 'Hurt' Investors Need US Regulators To Supervise Crypto
Tuesday, November 15, 2022 - 1:48pm | 575Following the recent collapse of cryptocurrency exchange FTX, billionaire Ken Griffin is urging American regulators to work together to supervise the cryptocurrency market more effectively. Speaking at the Bloomberg New Economy Forum on Tuesday, the founder and CEO of Citadel said U.S. regulators...
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Goldman Sachs Assesses Global Liquidity Concerns And How To Address Them
Tuesday, August 4, 2015 - 3:57pm | 1246The concern over liquidity seems fairly universal. Analysts and pundits have been sporadically warning about illiquid global markets from the United States to Kenya. The concerns have only escalated as commodity prices have dipped and anticipation of a rate hike from the Federal Reserve has risen...
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REITs Rejoice On Fed Remarks: Were These Top Gainers Driven By News?
Thursday, March 19, 2015 - 3:07pm | 1210While a rising tide usually helps to raise all ships, conversely, sharp rises in short-term interest rates tend to sink shares in the REIT sector. However, after Mr. Market finished parsing the latest Fed pronouncement by Chairman Janet Yellen, REIT investors were thrilled to see that there...
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Duke Energy, VIVUS And Others Insiders Have Been Buying
Saturday, September 7, 2013 - 3:22pm | 803Insiders may sell shares for any number of reasons, but conventional wisdom says that insiders really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who have...
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Did Hewlett-Packard Become A Day Trader?
Monday, August 22, 2011 - 11:13am | 615Last week, Hewlett-Packard (NYSE: HPQ) made the decision to spin off its computer business, and discontinue supporting and creating new products based on its acquisition of Palm, and its WebOS operating system. WebOS was supposed to save HP and let it compete with Apple (NASDAQ: AAPL) and Google's...
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Blue Horseshoe Loves E-Trade
Wednesday, July 20, 2011 - 11:48am | 798Shares of E*Trade Financial Corp. (NASDAQ: ETFC) are soaring this morning, after the company received a letter from its largest shareholder, Chicago-based Citadel LLC telling the company to call a shareholder meeting to maximize value. The hedge fund is the largest shareholder of E*Trade, owning...
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Citadel Expects No Surprised From Texas Instruments in 2Q11 Mid-Quarter Update Today
Wednesday, June 8, 2011 - 8:07am | 110According to a recent report from Citadel, Texas Instruments (NYSE: TXN) is expected to provide a 2Q11 mid-quarter update after the market closes today. Citadel expects no surprises from TXN and remain concerned about the health of the business moving forward. Citadel reiterates Reduce rating and $...
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Citadel Raising Stake In AnnTaylor Stores (ANN)
Friday, April 8, 2011 - 9:16am | 73Citadel Investment Group and Ken Griffin have disclosed they have raised their stake in AnnTaylor Stores Corp. (NYSE: ANN) to 5.7%, up from 2.7% at the end of the fourth quarter. Shares of AnnTaylor Stores closed at $29.88 yesterday, and are rising in pre-market trading, to over $30 a share. ANN...
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Ken Griffin's Letter To Investors
Monday, December 27, 2010 - 12:56pm | 137The New York Times DealBook has Ken Griffin's letter to investors of Citadel Investment Group. In the letter, Griffin talks about the four main lessons that Citadel lives by: - Hire the best people and create a culture of opportunity. – Take calculated risks. – Embrace opportunities. – Never lose...
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Charlie Gasparino On Citadel
Wednesday, November 24, 2010 - 1:19pm | 74Charlie Gasparino tweeted that it's business as usual at Citadel Investment Group, the large hedge fund run by Ken Griffin. Yesterday Citadel was named in the FBI insider trading case, along with several other prominent hedge funds. SAC Capital, Diamondback and Loch Capital were also targets. The...
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Citadel Considers Cutting Fees
Friday, September 17, 2010 - 2:28pm | 138The hedge fund industry has had its share of hard times since the financial crisis of 2008. Closed shops, massive redemptions, massive blowups. Now one of the largest is considering cutting fees as a result of it. Citadel Investment Group may consider cutting its fees from the standard 2 and 20....
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A Look At Citadel's Portfolio (ETFC, GOOG, AAPL, GPS)
Tuesday, May 25, 2010 - 9:02pm | 232Citadel Investment Group is a global financial institution which operates a number of different businesses, including equity options market making, hedge fund administration, investment banking advisory, and a fund of funds business that deploys capital with unaffiliated managers. The firm was...
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Citadel Sells 172 Million Shares of E*Trade
Thursday, April 29, 2010 - 9:42am | 237E*Trade Financial Corporation (NASDAQ: ETFC)announced today that it priced its secondary offering of 172 million shares at $1.75; the proceeds of the transaction go directly to Citadel Investment Group and are not going to E*Trade. The offering was oversubscribed by 2 million shares. This offering...
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Hedge Fund King Who Lost Billions Asking For More Billions
Friday, November 20, 2009 - 11:44am | 291Hedge fund giant Kenneth Griffin lost $8 billion in investors’ money last year, but the Wall Street Journal says he is now trying to persuade investors to trust him with more money. Griffin explains a loss of $8 billion of other people's money by saying he showed human fallibility, which...
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Citadel To Lift Redemption Bans On Flagship Funds
Thursday, October 29, 2009 - 7:10pm | 65Citadel Investment Group decided to lift redemption bans from their flagship funds as market rebounded and funds' performance got better. Citadel's flagship Wellington and Kensington funds performed worse than average hedge fund, and with 55% drop their performance was also worse than broader stock...