CEO of Citadel
Citadel was officially founded November 1, 1990 with $4.2 million; the name "Citadel" was chosen to suggest strength in times of volatility. With Citadel quickly growing, it began to perform well.
In 2008, the performance of several of Citadel's key funds including its Kensington and Wellington funds was down 35% in the year to October. The average hedge fund was down approximately 18% in 2008.
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Famous quotes containing the word citadel:
“The citadel of Quebec says, “I will live here, and you shan’t prevent me.” To which you return, that you have not the slightest objection; live and let live.”
—Henry David Thoreau (1817–1862)