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Citadel Buys 5% Stake in Hillshire Brands

May 14, 2014
Jing Chen

Chicago hedge fund giant Citadel Advisors is one of the top shareholders of Hillshire Brands.

Chicago Tribune reported that Citadel recently bought an approximate 5% stake in the branded foods company, just days after Hillshire announced plans to buy food maker Pinnacle Foods for about $4.3 billion in cash and stock.

Citadel recently made headlines when its $830 million high-frequency trading fund helped the firm return more than 300% since its inception in 2007, beating the 44% gain of the U.S. stock market in the six years through 2013.

Citadel, which has additional offices globally including San Francisco and Hong Kong, manages about  $16 billion in assets.




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