Citadel Investment Group is proposing to make the first-ever bond issue by a hedge fund. The Chicag...
Citadel Investment Group is proposing to make the first-ever bond issue by a hedge fund. The Chicago-based fund with more than $12bn assets under management is planning to issue up to $2bn in medium-term notes. It has also received an investment-grade credit rating from both Standard & Poor's and Fitch. S&P credit analyst Daniel Koelsch said: "The MTN program can be seen as a continuation of Citadel's strong liquidity and capital management and marks the coming of age of an industry in which established players are able to access unsecured funding on a long-term basis." S&P awarded the ...
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