Employee compensation remained a significant cost drag at Citadel last year, even as returns moderated, highlighting the structural pressures facing large multi-strategy hedge funds competing aggressively for talent, according to a report by Bloomberg.
The report cites bond offering documents as showing that operating costs charged to Citadel’s three flagship multi-strategy funds — which together account for the bulk of the firm’s roughly $66bn in assets — rose 4% in 2025 to nearly $4.5bn. While...
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