Deals
Blackstone, Citadel, Lansdowne Gain as Rivals Falter in 2015
- Blackstone's new hedge fund gained 23 percent so far this year
- Citadel has posted double-digit gains every year since 2008
Good Year for Deals, Bad Year for Hedge Funds
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Hedge fund managers have complained all year about a lack of liquidity and volatile markets in explaining some of the worst performance since the financial crisis.
Yet a handful of multibillion-dollar firms including Blackstone Group LP, D.E. Shaw, Millennium Partners and Citadel have managed to side-step those problems and post double-digit returns.