Citadel Fund: A Guide To Investing In The Tech Giant

Citadel Advisors is a large hedge fund manager located in Chicago with advisory offices worldwide. Citadel solely manages the investments of hedge funds and does not provide financial planning or consulting services to any clients. Citadel's Value Fund is the most cost-effective option for many investors as it does not charge sales, transaction, subscription, or redemption fees. The minimum amount of assets required to invest in one of Citadel's funds is $10 million, though the firm may waive this minimum at its discretion.

Opening an account with Citadel

If you are a first-time investor looking to invest directly in the Citadel Value Fund, you will need to open an account with Citadel. This process is facilitated by Citadel's distributor, Pure Capital. To open an account, you will need to complete an information form and provide a copy of your passport. In some cases, additional documents may be required. You can specify the amount you intend to invest on a separate subscription form.

Citadel does not charge any sales or transaction fees, nor are there any annual custody charges. There are also no subscription or redemption fees. Depending on your personal circumstances, you have several investment options.

Based on the total investment amount, you may qualify for either the P-class or the X-class of shares. P-class shares are for investments below €1 million, with a minimum amount of €10,000. X-class shares require a minimum investment of €1 million.

You can invest either as an individual (a natural person) or through a legal entity, such as a corporation, association, or foundation. You can also choose to invest personally or on behalf of someone else, such as a minor child, which requires a power of attorney. Additionally, you have the option to open a joint account with another person, such as your spouse, by providing information about both investors.

To receive a subscription information pack tailored to your specific preferences, you can provide details about your personal situation on Citadel's website, and Pure Capital will email you the relevant subscription pack. Alternatively, you can send an email directly to Pure Capital at [email protected] to request information about investing in the Citadel Value Fund.

If you prefer to deal over the phone, you can call Citadel at (312) 395-2100.

Investment options

Citadel is a fee-only firm that manages the investments of hedge funds and does not provide financial planning or consulting services to any clients. The firm also has no direct individual clients. Citadel's Value Fund is registered for marketing in the Netherlands and Luxembourg but does not accept investments from United States citizens or residents.

The most cost-effective option for many investors is to invest directly by opening an account with the Citadel Value Fund. This will make you a registered shareholder of Citadel. There are no sales or transaction fees, and there are no annual custody charges. Citadel does not charge subscription or redemption fees. The account-opening process is facilitated by Citadel's distributor, Pure Capital.

To open an account, you will need to complete an information form and provide a copy of your passport. In some cases, additional documents may be necessary. You can specify the amount you intend to invest on a separate subscription form. Depending on your personal circumstances, you have several investment options:

• Based on the total investment amount, you may qualify for either the P-class or the X-class of shares. P-class shares are for investments below €1 million, with a minimum amount of €10,000. X-class shares require a minimum investment of €1 million.
• You can invest either as an individual (a natural person) or through a legal entity, such as a corporation, association, or foundation.
• You can invest personally or on behalf of someone else, such as a minor child. This requires a power of attorney.
• You can choose to invest jointly with another person by opening a joint account and providing information about both investors.

Investors can also choose to invest in the Citadel Value Fund through their bank, broker, or online trading platform. In this case, investors should contact their bank or broker to execute the transaction. There are two transaction opportunities each month, as indicated in the NAV calendar. To facilitate the identification and execution of an investment, it is advisable to provide your bank or broker with the respective ISIN code for the share class in which you intend to invest:

• ISIN code for the P-class: LU0141953439
• ISIN code for the X-class: LU0939062922

Please note that your bank or broker may charge certain fees associated with the investment, which are beyond Citadel’s control. Adding your Citadel investment to your securities account may result in increased custodian costs from your bank.

Citadel Value Fund

Citadel is an American multinational hedge fund founded in 1990 by Ken Griffin. It is one of the largest hedge funds in the world, with over $63 billion in assets under management. Citadel is a leading investment firm that strives to identify the highest and best uses of capital to generate superior long-term returns for its clients. The company has a presence in North America, Asia, and Europe, with its headquarters in Miami, Florida.

Citadel offers a range of financial services, including investment management, quantitative trading, and alternative asset management. The Citadel Value Fund is one of the investment options available through the firm. Unfortunately, the Citadel Value Fund does not accept investments from United States residents. For non-US residents, there are two ways to invest in the Citadel Value Fund: directly or indirectly.

Direct investment involves opening an account with the Citadel Value Fund, making the investor a registered shareholder of Citadel. This is the most cost-effective option for many investors. Indirect investment, on the other hand, involves holding investments in the Citadel Value Fund through a securities account with a bank or broker. Existing investors can take advantage of Citadel's two transaction opportunities per month.

Before making any investment decisions, it is important to carefully review the Fund's Prospectus and Key Information Document. Investors should also be aware of the publication dates and transaction deadlines, as subscription or redemption orders must be received by the Fund's administrator, UI EFA, before 17:30h CET on a transaction deadline to ensure timely processing.

Citadel's distributor, Pure Capital

Pure Capital is Citadel's distributor and is responsible for coordinating the process of welcoming new shareholders. They facilitate the account opening process for first-time investors looking to invest directly in the Citadel Value Fund. This involves completing an information form and providing a copy of your passport, with additional documents required in some cases. Pure Capital will then email you a subscription pack tailored to your specific preferences and circumstances.

Pure Capital can be contacted at [email protected] for any specific questions about the Citadel Value Fund investment process. They can also be contacted by phone or mail at the following:

Pure Capital S.A.

2, Rue d’Arlon

L-8399 Windhof

LUXEMBOURG

Telephone: +352 26 39 86 99

As a Citadel investor, you have several options depending on your personal circumstances. You may qualify for either the P-class or the X-class of shares, depending on the total investment amount. P-class shares are for investments below €1 million, with a minimum amount of €10,000. X-class shares require a minimum investment of €1 million.

You can also choose to invest either as an individual or through a legal entity such as a corporation, association, or foundation. Additionally, you can invest personally or on behalf of someone else, such as a minor child, with a power of attorney. You also have the option to invest jointly with another person by opening a joint account and providing information about both investors.

Citadel's fees

Citadels Fees

Citadel does not charge subscription, redemption, sales, or transaction fees. There are also no annual custody charges. However, there are fees associated with the different share classes offered by Citadel.

The P-class share is for investments up to €1 million, with a minimum amount of €10,000. This class charges a 0.75% annual fixed fee and a 20% fee on annual performance exceeding a 4% hurdle, with a high watermark applying.

On the other hand, the X-class share is for investments of €1 million or higher. While it has the same 0.75% annual fixed fee as the P-class, it charges a lower 10% fee on annual performance exceeding a 4% hurdle, and it also has a high watermark applying. Additionally, follow-on investments for the X-class have a minimum of €10,000.

It is important to note that if you choose to invest in the Citadel Value Fund through a bank, broker, or online trading platform, your bank or broker may charge certain fees associated with the investment that are beyond Citadel's control. Furthermore, adding your Citadel investment to your securities account may result in increased custodian costs from your bank.

Frequently asked questions