Have Fun Storming The Citadel

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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]

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