Behind every billionaire there is a story!

Citadel paves way for possible IPO

Citadel, the hedge fund group run by billionaire Kenneth Griffin, has separated its hedge-fund business from an options marketmaking unit, raising prospects of a stock market flotation.

Citadel Derivatives Group, the company’s options specialist, and an offshore fund that trades the options were split off at the start of the year, according to a regulatory filing.

Analysts said the step could make it easier for Chicago-based Citadel to sell shares in either business and ease concern that its hedge funds profit from ties to the options market maker.

read the rest published by FT here:

http://www.ft.com/cms/s/0/f8053a0c-d38c-11dc-b861-0000779fd2ac.html?nclick_check=1