Citadel To Allow Up To $250M In Redemptions

[Parsad]

I'm guessing a bunch of hedge funds are sighing with relief from the rally in stocks over the last three months.  I'm sure more will allow redemptions that had previously closed their funds.  Although Mark Sellers is probably going to have to wait longer, since Contango hasn't moved that much.  Cheers!

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=at.3HknPAnbs

[JAllen]

I think Mr. Sellers did allow redemptions because Sellers Capital sold a bunch of MCF in April or so.  That is probably what made the price go down to the low 30s or so.