Citadel, the huge Chicago hedge fund firm, has been forced to deny rumors that it sought funding from the Treasury or that it has been besieged by US and UK regulators. Rumors have swirled around this firm several times as markets have melted down over the last few months. Their largest fund is down over 30% since the Lehman meltdown, the firms founder has said.
Sad to say, but in recent months the rumor mill has eventually been proven right. See Bear Stearns, AIG and Lehman for confirmation…
