Friday, November 17, 2006

Citadel Denies Rumors of Trouble

According to Wall Street Journal's MarketBeat blog, hedge fund Citadel Investment Group denied rumors it had made some bad bets in energy and was looking at hefty losses.

A spokesman for Citadel said, "We are aware of the rumors. They are completely unfounded."

Earlier today, rumors that a large US hedge fund was in trouble sweep through the financial markets.



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