Chicago partner David Matteson was quoted in a Crain’s Chicago Business article titled, “Can any ex-Citadel money managers ever hope to beat Ken Griffin?” The article discussed Magnetar, one of the hedge funds created from a manager who broke away from mega-hedge fund Citadel, and its sale of a minority stake to New York-based Blackstone, one of the largest asset managers in the world.

The article suggests that this may be a “new route to expansion,” and that other Citadel progeny may need to follow suit in order to rise above Citadel.

David commented, saying that Chicago managers with New York allies can benefit from a large network of big banks, insurance companies and asset managers. “They’re the ones with worldwide connections to capital,” he said.

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