A source told
Bloomberg that the new fund would be managed from London by Kaveh
Alamouti who joined Citadel from Moore Capital Management in April. The
macro fund will focus on investing along broad economic trends, trading
stocks, bonds, currencies and commodities. Capital inflows into hedge
funds have slowed dramatically this year thanks to turbulence in the
stock and bond markets. Hedge funds raised $29 billion in the first
half of 2008, compared with $118 billion in the same period last year,
according to Hedge Fund Research.
- George White
See Bloomberg story
See Movers and shakers item on Kaveh Alamouti on TheDeal.com
Comments
Impressive to raise such funds given current skepticism about HF performance. We'll watch the progress of the fund with interest.