It’s a distinct possibility, according to the Post. The paper, in its infinite wisdom, prognosticates that Citadel’s flagship funds, which declined 12 percent in November and approximately 47 thus far in ’08, will plummet even further this month on “a drop in the value of leveraged loans,” perhaps even falling to the big 6-0 year to date. OR, they could surprise us all (with exception of this girl, who knew they could do it all along), and turn in, while perhaps not *stellar* results, at least the kind that make investors feel as though they’re taking a kabob stick to the urethra.
Related: Citadel Is On Top Of The World
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You could bob on my urethra anytime
when did we start turning to the Post for insight on hedge funds?
@2- it’s a joke. “the post prognosticates.”
as bizaree as it sounds in 2 out of the last 3 months the Post were first with monthly performance stats on Citadel they seem to have some source leaking this stuff
as bizzare as it sounds in 2 out of the last 3 months the Post were first with monthly performance stats on Citadel they seem to have some source leaking this stuff
as bizarre as it sounds…2 out of the last 3 posts were the same.
incorrect spelling of bizaree/bizarre was different
on 3x leverage Citadel would have lost another 20% on their Lev loans positions MTD…that’s gotta hurt
There going to have liquidate, alot of other funds im sure are in the same amount of trouble.
Hi Ken here. Just to let you know i rather liquidate every last one of my investors than my fund.
Have a nice day now,
Ken
who’s more fucked aqr or citadel?
And another thing…unlike Ponce Hitchon of DB House of Liquidation, I do not write in the 3rd person.
Sincerely, Ken
citadel investors will soon realise that it is a false economy to avoid kensington/weillington exit fees. what they are trying to save by sticking in there and hoping for the best can be lost in a week in fund performance…..they will see the light soon enough though quarterly dealing suggests this will be a long and drawn out death rattle
To: Citadel Investment Group Limited Partners
From: KG
RE: Performance
DON’T READ THE BLOGS. They are fear-mongering. In fact, December is not yet complete, so there can be no real knowledge of our performance.
This is fear-mongering, and I am going to call Chris Cox to settle this.
Keep your money with us. Treasuries now have a negative yield – where else can you go to get this kind of performance with a top-tier fund manager? It could be worse. Much worse. Ask your cocktail party friends about Tontine, if they haven’t been forced to sell their house in Greenwich and move to a condo in Port Chester.
There going to wind up losing 99 percent of there money instead of only 50 percent beause of all these stupid gates. The HF community is holding hands and praying for a turnaround
short basis, long lev-x these trades may not bottom out for months
They can get 3x leverage on their lev loans?!?! Any clue as to who is providing this financing?
@17:
wouldn’t that have to be GS? I mean its not like they could force liquidate the Gerbil, unless they want to push them selves into the fail as well.
FUck Ken Griffin.
Fuck Citadel
Fuck Chicago
Fuck Griffin!!!
Yay! I’m so happy that Citadel is toast. How many days before they go under? What goes down with them when Citadel goes under
@9 and @15, can you both please learn the difference between “there”, “their”, and “they’re”. It’s fucking embarrassing.
FUck Ken Griffin.
Fuck Citadel
Fuck Chicago
Fuck Griffin!!!
Yay! I’m so happy that Citadel is toast. How many days before they go under? What goes down with them when Citadel goes under.
I’m just waiting for Citadel to melt the fuck down and liquidate. Just like how they took over Sowood portfolio when Sowood went 50% down, now Citadle is going to be 60% down and we, the badass at JPM, are going to take over their shit. They’re one wrong trade away from disaster.
I’M SO HAPPY, I’M SO HAPPY, I’M SO HAPPY!!!! YAY! YAY! YAY! YAY!
go down citadel. Go down and and I’ll give you one nice facial over your face.
Bend over Ken-G. I’m getting some KY jelly on my hard-on and I’m going to bend you over and thrust it in real good, hard and slow. yay, take it while I bugger you.
yay yay yay!
your friend in NYC,
Jamie Dimon
PS: serve you right for poaching our bankers!
@ 11:18… they have several PBs, and are in part protected by a ‘too big to fail’ image in the space. If leverage is pulled and they have to liquidate/fire-sell assets the worry is that it will cause huge contagion in the credit space before yr end (probably would mean almost 100% cap loss as one has to wondr whether performance stats so far this yr reflect mark-to-model/manager pricing). Bit of a prisoners dilemma for the banks as they know that any exit from providing citadel with leverage is going to be very narrow.
@17 – if you are only in lev loans then chances are a pre-negotiated term facility. That said, anyone with that setup has been blown out already at 3x. If Citadel views itself as 3x on this trade, it’s based on financing of other stable assets.
In the picture Griff is stepping over a crack in the pavement which appears to be filled with shat. Is this a metaphor? “Invest with Citadel and we’ll avoid stepping in poop”.
I know is says “Risk is what you make of it”, but it looks like Kenny made in his pants and now its on the sidewalk.
@19, is that you Gov Blago or is it your wife? I’m guessing you since your wife would have added “Fuck the Cubs.”
If they are only $10B now, who cares if they go under? At $20B or $18B 2 months ago, sure, hit the panic button, but all their PB’s are most likely suckling at some government’s teet, so $10B falling into an ocean of misery should make that much of a difference. “Dog bites man” Who cares?
If they are only $10B now, who cares if they go under? At $20B or $18B 2 months ago, sure, hit the panic button, but all their PB’s are most likely suckling at some government’s teet, so $10B falling into an ocean of misery shouldn’t make that much of a difference. “Dog bites man” Who cares?
Yes, the Post sometimes has shockingly good information about hedge funds, and John Crudele is one of the few mainstream media journalists to discuss the machinations of the President’s Working Group on Financial Markets, aka the Plunge Protection Team. I used to think the PPT was a figment of imagination of the tinfoil hat-wearing crowd, but I am now a believer. Just look at the number of important announcements at the end of options expiration week (and keep this in mind the week of the 19th).
Is he stepping over the crack, or is the crack opening between his feet as he crosses the street?
fuckin’ corrupted city, state and citadel ego