Citadel Aids ETRADE

November 29th, 2007
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Citadel is rapidly emerging as a cash machine for distressed financial firms. After helping Amaranth Advisors and bunch of other hedge funds that lost money, Citadel has agreed to infuse E*Trade Financial with $2.5 billion. Also included in the deal is the transfer of E*Trade's asset back securities for $800 million which had a book value of $3 billion. E*Trade's stock jumped on the news. If E*Trade could somehow convince its customers to say, it will probably survive.
For Detailed Investor Profiles on these Investors, click below:
Amaranth Advisors*
Related People: Brian Hunter*; Manos Vourkoutiotis*; Nicholas Maounis*
Related Entities: Amaranth Global Equities LLC*; Amaranth Global Securities Inc*; Amaranth International LLC; Amaranth LLC*; Paloma Securities LLC*:; Amaranth Capital Partners LLC*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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