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 Bloomberg writes.
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…
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