This content is from: Premium
Survival of the Fattest
The high-water mark isn't as important as it used to be.
By Michelle CelarierThe news that Kenneth Griffin’s Citadel finally crossed its high-water mark earlier this year — three years after it fell more than 50 percent during 2008 — might seem encouraging for the many hedge funds that find themselves once again under water. Or maybe not. After last year’s
To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.