• 30 Oct 2008 at 2:14 PM

Have Fun Storming The Citadel

By Equity Private

So that $1 billion fund of funds that Citadel used to run? Yeah, not so much anymore. The “Fusion Fund” is no more, the capital now assigned to “emerging talent” or the like. Citadel is, apparently, moving to the incubator business. I guess we are supposed to think Tiger Cubs and the like?
It seems that 5% of the fund is outside capital. That will be “returned.” (At par? You got me).
Citadel to Wind Down $1 Billion Fund of Funds, Shift Capital [Bloomberg]

Comments (36)

  1. 1
    Posted by guest | October 30, 2008 at 2:19 PM

    paying out that 5% in sham-wows

  2. 2
    Posted by guest | October 30, 2008 at 2:21 PM

    bound to happ3en

  3. 3
    Posted by guest | October 30, 2008 at 2:23 PM

    Traders don’t lose money; redemptions do.

  4. 4
    Posted by guest | October 30, 2008 at 2:24 PM

    those guys are the tits.

  5. 5
    Posted by guest | October 30, 2008 at 2:24 PM

    “You come to fight a madman, and instead find a god? Do you still refuse to accept my godhood? Keep your own God! In fact, this time may be a good time to pray to Him! For I beheld Satan as he fell from Heaven like lightning!”
    -General M. Bison

  6. 6
    Posted by guest | October 30, 2008 at 2:24 PM

    He said “To Blave”, NOT “true love”

  7. 7
    Posted by guest | October 30, 2008 at 2:29 PM

    @5 Anyone who uses the handle General M. Bison is a closet Ken buttfucker

  8. 8
    Posted by guest | October 30, 2008 at 2:30 PM

    Young, growing traders learning to throw office equipment at each other.

  9. 9
    Posted by guest | October 30, 2008 at 2:31 PM

    did anyone hear Jon Stewart bust out the Shamwow reference on the Daily Show last night when he was asking Obama about his ‘infomercial’?

  10. 10
    Posted by guest | October 30, 2008 at 2:31 PM

    long/short guys suck, macro for life.

  11. 11
    Posted by guest | October 30, 2008 at 2:32 PM

    @4 speaks the truth.

  12. 12
    Posted by guest | October 30, 2008 at 2:34 PM

    Suck it macro. We’re double the power, triple the height, and we’ll cross the wall and crush you.

  13. 13
    Posted by guest | October 30, 2008 at 2:35 PM

    Ass
    Balls
    Cock

  14. 14
    Posted by guest | October 30, 2008 at 2:37 PM

    Suck it macro. We’re double the power, triple the height, and we’ll cross the wall and crush you.

  15. 15
    Posted by guest | October 30, 2008 at 2:37 PM

    You fuck your uncle 7.
    http://www.youtube.com/watch?v=02ieouAkYYI&feature=related

  16. 16
    Posted by guest | October 30, 2008 at 2:38 PM

    On June 5th, 2005, at about 4 O’Clock PM, the thought suddenly struck me that the real-estate boom had just crested. The boom continued for awhile, but only because of momentum. The engine driving the boom had already backed off.
    Another thought stuck me, only moments ago. The tide just turned against obama; he’s going to lose.
    The Guy from Delaware

  17. 17
    Posted by guest | October 30, 2008 at 2:38 PM

    @7 For you, the day Bison acknowledged your post was the most important day of your life. But for me… it was Thursday.
    -General M. Bison

  18. 18
    Posted by guest | October 30, 2008 at 2:41 PM

    TGFD update to my #16 post. The year was 2006, not 2005.
    The Guy from Delaware

  19. 19
    Posted by guest | October 30, 2008 at 2:42 PM

    TGFD – you may be on(to) something there re:obama – i agree – he can’t close the deal against “the worst president evar”, a cranky geriatric and a beauty queen. Shocking.

  20. 20
    Posted by guest | October 30, 2008 at 2:42 PM

    TGFD: Ha, kid you not that’s the day I moved into my new house.

  21. 21
    Posted by guest | October 30, 2008 at 2:45 PM

    TGFD update to my #16 post. He’s going to win, not loose.
    The Guy from Delaware

  22. 22
    Posted by guest | October 30, 2008 at 2:46 PM

    They want to be the next Goldman Sachs at a time that not even Goldman Sachs wants to be the old Goldman Sachs.
    These guys at Citadel are a joke. Their HR department is bigger than our whole firm, and we run more money.

  23. 23
    Posted by guest | October 30, 2008 at 2:46 PM

    Citadel is mostly dead. See, there’s a big difference between mostly dead, and all dead. Now, mostly dead: he’s slightly alive.

  24. 24
    Posted by guest | October 30, 2008 at 2:46 PM

    TGFD,
    I’m with you on this one. The Obamamercial last night was a telethon of sad tales, followed by how the government would show up with a handout to make it all better.
    Americans don’t like whiners. We don’t like losers. Get up, brush yourself off. Don’t go begging to the gummin’t to lighten your load.

  25. 25
    Posted by whatelseisgoingon | October 30, 2008 at 2:53 PM

    @9… I saw the reference and laughed out loud.

  26. 26
    Posted by guest | October 30, 2008 at 2:56 PM

    TGFD – did the open bar start early at the Willminton Radisson?

  27. 27
    Posted by guest | October 30, 2008 at 2:56 PM

    Kenny G is so Chi, he’s bashful

  28. 28
    Posted by guest | October 30, 2008 at 2:57 PM

    @24: you are correct, ‘mericans don’t like whiners.
    we also don’t like nouveau-riche-glorified-day-traders, the likes that our hard earned dollars are currently bailing out.
    real ‘mericans all hoped that Wall Street would go teets-up.
    during the impending civil war, us real ‘mericans would hunt down you traders, whilst our mullets blow in the wind. we would systematically exterminate all y’all with extreme prejudice.
    Wolverines!

  29. 29
    Posted by guest | October 30, 2008 at 3:03 PM

    @28 red dawn references are too few and far between.
    nice one, thanks.

  30. 30
    Posted by guest | October 30, 2008 at 3:22 PM

    @#21…
    You are another wannabee TGFD imposter. I should be flattered by your attempted impersonation of TGFD, but next time, use your own identity.
    The Guy from Delaware
    p.s. I might not mind if you posted something I’d agree with, but when you post lunacy, TGFD just has to correct your nonsense.

  31. 31
    Posted by guest | October 30, 2008 at 3:37 PM

    I love Obama and mark my words, he will win.
    The Guy from Delaware

  32. 32
    Posted by guest | October 30, 2008 at 3:38 PM

    Will the real Slim Shady, please stand up? Please stand up?

  33. 33
    Posted by guest | October 30, 2008 at 3:40 PM

    I love cock
    The Gay from Delaware

  34. 34
    Posted by guest | October 30, 2008 at 3:41 PM

    Bunch of savages in this town

  35. 35
    Posted by guest | October 30, 2008 at 3:47 PM

    Sarah Palin is bigger than me.
    The needledick from Delaware

  36. 36
    Posted by guest | October 30, 2008 at 4:41 PM

    Maverick!!!

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