Survival of the Fattest

The high-water mark isn’t as important as it used to be.

By Michelle Celarier

The 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.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related