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Citadel to allow withdrawals

February 14, 2009|Times Wire Reports

Citadel Investment Group, the $13-billion hedge-fund firm run by Kenneth Griffin, will allow clients to make withdrawals from its two largest funds after freezing them last year.

Chicago-based Citadel will decide each quarter whether to make payments from its Wellington and Kensington funds, Griffin said in an investor letter. Clients will be notified of any amounts available for redemption.

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