Citadel Advisors LLC and Millennium Management LLC said their assets soared ninefold when tallied under a new rule that requires hedge funds to disclose investments financed through borrowings.
Citadel, run by Ken Griffin out of Chicago, reported $115.2 billion of regulatory assets in a March 30 filing with the U.S. Securities and Exchange Commission, compared with $12.6 billion of net assets. Millennium, founded by Israel Englander, disclosed comparable figures of $119 billion and $13.5 billion as of year-end.
The two firms are among more than 1,200 private fund advisers that have registered this year with the SEC and begun providing a more comprehensive count on the assets they manage, including those acquired through the use of borrowed money, under rules aimed at curbing systemic financial market risks. ARE THESE 2 STATEMENTS COUNTER-PRODUCTIVE??? LOL The filings, which regulators may use to identify firms they want to monitor more closely, suggest the largest funds have returned to the level of leverage used before the financial crisis.
http://www.bloomberg.com/news/2012-04-13/citadel-soars-to-115-billion-with-reporting-rule-change.html
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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