• 30 Apr 2009 at 4:35 PM

WSJ: Citadel To Try I-Banking On For Size

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Update:

Citadel Investment Group is preparing to expand into investment banking as the Chicago-based hedge fund tries to rebound from last year’s massive losses.
Citadel is expected to hire as many as five investment bankers, including Merrill Lynch & Co.’s Todd Kaplan, a leveraged finance specialist. The firm is expected to make the announcement in the next few days, according to a person familiar with matter.
The move may indicate that even a hedge fund trying to rebuild after an embarrassing year looks like a more attractive place to work than investment banks that are under scrutiny by various arms of the government.

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Comments (27)

  1. 1
    Posted by guest | April 30, 2009 at 4:40 PM

    is this guy going there?
    http://www.nypost.com/seven/04302009/business/boss_is_sued_in_hedge_fund_feud_166875.htm

  2. 2
    Posted by guest | April 30, 2009 at 4:41 PM

    omfg

  3. 3
    Posted by guest | April 30, 2009 at 4:42 PM

    good god

  4. 4
    Posted by guest | April 30, 2009 at 4:43 PM

    is kg a masochist

  5. 5
    Posted by guest | April 30, 2009 at 4:43 PM

    Perfect – because if Citadel itself can’t screw you, they’ll be able to advise someone who can.

  6. 6
    Posted by guest | April 30, 2009 at 4:47 PM

    http://www.youtube.com/watch?v=FxCZF7HVrd4

  7. 7
    Posted by guest | April 30, 2009 at 4:53 PM

    How bout retail?

  8. 8
    Posted by guest | April 30, 2009 at 4:55 PM

    yeah, @6/8, how BOUT retail?

  9. 9
    Posted by guest | April 30, 2009 at 5:00 PM

    This will end in tears

  10. 10
    Posted by guest | April 30, 2009 at 5:03 PM

    Always sue your boss if he/she pulls that kind of shit. If you do, you’re guaranteed an interview with your competitors because they will be dying to know what happened.

  11. 11
    Posted by guest | April 30, 2009 at 5:06 PM

    @9 Fuck you.
    Or you meant something else?

  12. 12
    Posted by guest | April 30, 2009 at 5:08 PM

    @11- what kind of shit? expanding into investment banking?

  13. 13
    Posted by guest | April 30, 2009 at 5:20 PM

    Anal sex.

  14. 14
    Posted by guest | April 30, 2009 at 5:21 PM

    with all the market dislocation it looks as if these guys are trying to take share. what do you guys think?

  15. 15
    Posted by guest | April 30, 2009 at 5:28 PM

    With any kind of shit nowadays you have to take special care and wear a specific helmet.

  16. 16
    Posted by mrpink | April 30, 2009 at 5:33 PM

    Let’s start the betting on when this will end up in an EPIC FAIL.
    Pricing the 2011 fails at 80/100.
    They can barely keep their talent on the fund side, this is going to be interesting to watch them f*ck this one up. The Revolving Door!
    I wonder if KG will try to steal one of Loeb’s employees again. This could be fun!
    -mrp

  17. 17
    Posted by Anal_yst | April 30, 2009 at 5:37 PM

    @15
    Considering they have 0 share right now, I’d say that’s a pretty sharp observation…

  18. 18
    Posted by guest | April 30, 2009 at 5:38 PM

    Is it wrong to bang my secretary in the ass on a Thursday?

  19. 19
    Posted by guest | April 30, 2009 at 5:50 PM

    @ 19, let me check… yup on a Thursday you’re good to go, enjoy.

  20. 20
    Posted by guest | April 30, 2009 at 6:07 PM

    my secretary is butt ugly

  21. 21
    Posted by guest | April 30, 2009 at 7:07 PM

    @19 Just make sure he doesn’t tell anyone

  22. 22
    Posted by guest | April 30, 2009 at 7:12 PM

    What do their first-year analyst bonuses look like? Thanks.

  23. 23
    Posted by guest | April 30, 2009 at 7:23 PM

    @22 Nice!

  24. 24
    Posted by guest | April 30, 2009 at 8:07 PM

    @21: Is she butt ugly or is her butt ugly? If the former, you are good to go, if the latter, consider a blow job…

  25. 25
    Posted by guest | April 30, 2009 at 8:19 PM

    @22 – I is a she, baby.

  26. 26
    Posted by guest | April 30, 2009 at 10:17 PM

    With the de-bulgification of the bulge bracket there’s definitely room out there for another big I-bank to come along.
    It won’t be Citadel.

  27. 27
    Posted by guest | April 30, 2009 at 10:17 PM

    FAIL

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