Citadel Investment Group

Last 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...

Shares 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...

According 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 $...

Citadel 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...

The 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...

Charlie 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...

The 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....

Citadel 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...

E*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...

Hedge 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...