We view this Bloomberg report with great suspicion. Regardless, as Citadel has to basically generate a 100% return at this point to overcome its 50% loss in 2008, and claw back its high water mark before it can collect incentive fees, we will not hold our breath to hear of Citadel poaching every basis trade portfolio manager from JPM any time soon.
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Showing posts with label Death Watch: Basis Trade PMs. Show all posts
Showing posts with label Death Watch: Basis Trade PMs. Show all posts
Monday, February 2, 2009
Citadel Posts 4.95% Return in January
Posted by
Tyler Durden
at
3:10 PM
We view this Bloomberg report with great suspicion. Regardless, as Citadel has to basically generate a 100% return at this point to overcome its 50% loss in 2008, and claw back its high water mark before it can collect incentive fees, we will not hold our breath to hear of Citadel poaching every basis trade portfolio manager from JPM any time soon.
Sphere: Related Content
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