October 12, 2019 09:16 AM UPDATED 9 HOURS AGO
Blackstone talked with Citadel about buying a stake: report
Sources tell the Wall Street Journal that talks involving Blackstone Group and Ken Griffin's hedge-fund and securities-trading operations have been contentious, and it’s unclear if there’ll be a deal.
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Bloomberg
Ken Griffin
(Bloomberg) —Blackstone Group held talks about an investment in Ken Griffin’s Citadel LLC, the Wall Street Journal reported Saturday, citing unidentified people familiar.
The investment pertains to Citadel’s flagship hedge-fund firm, which has $32 billion in assets under management, and its fast-growing securities-trading operations.
Talks between the firms have been described as contentious and it’s unclear if there’ll be a deal, the report said. Citadel executives estimate the hedge fund to be worth between $5 billion and $7 billion.
Blackstone talked with Citadel about buying a stake: report
Sources tell the Wall Street Journal that talks involving Blackstone Group and Ken Griffin's hedge-fund and securities-trading operations have been contentious, and it’s unclear if there’ll be a deal.
Bloomberg
Ken Griffin
(Bloomberg) —Blackstone Group held talks about an investment in Ken Griffin’s Citadel LLC, the Wall Street Journal reported Saturday, citing unidentified people familiar.
The investment pertains to Citadel’s flagship hedge-fund firm, which has $32 billion in assets under management, and its fast-growing securities-trading operations.
Talks between the firms have been described as contentious and it’s unclear if there’ll be a deal, the report said. Citadel executives estimate the hedge fund to be worth between $5 billion and $7 billion.