Ken Griffin’s Citadel keeps besting rivals – Crain’s

For the first half of the year, returns at Citadel’s flagship Wellington fund were up between 13 percent and 14 percent, according to sources familiar with its results. Meanwhile, the average hedge fund, most of which are based in the U.S., had a negative return of between three and four percent, according to Chicago-based Hedge Fund Research.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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