Sunday, September 27, 2009
Citadel to formally launch credit business next month
Ken Griffin's Citadel Investment Group is expanding into the market for high-yield bonds and leveraged loans by opening a credit business in October. Peter Santoro, head of institutional market for the hedge fund's Citadel Securities division, said the group will be in New York. Citadel is establishing the trading platform as part of the company's broader investment-banking efforts.
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