WSJ: Citadel To Try I-Banking On For Size

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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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