New funds with lower fees to be launched by Citadel

The Wall Street Journal reported that a number of new funds will be rolled out by the U.S. hedge fund Citadel investment Group LLC. Among these the firm will also offer one with lower fees that will aim to make money on currencies, interest rates and other trades based on broad economic trends.

Citing marketing documents the WSJ advised that the Citadel expects to raise $2 billion in coming months and could raise $5 billion for its new Citadel Global Macro Fund Ltd

Additionally, the company plans to start a marketing campaign to promote a fund focused on stocks and another focused on convertible bonds.