Citadel builds physical gas trading business

Hedge fund’s foray into gas follows bank retreat from physical commodities

Gas pipeline
Citadel is moving over 100,000 MMBtu of gas per day via US and Canadian pipelines

Citadel, the Chicago-based multi-strategy hedge fund with $25 billion in assets under management, has spent the past 18 months quietly building out the ability to trade physical natural gas across North America.

Based in Greenwich, Connecticut, Citadel's fledgling physical gas trading unit has grown to some 15 to 20 people since its creation in late 2014, sources close to the business say. Filings with US and Canadian government agencies indicate it has leased pipeline and storage capacity in lo

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