Citadel's Tokyo office to reopen this year

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Citadel, the hedge fund firm founded by Ken Griffin, is to make a 'comeback' in Japan with plans to reopen its Tokyo office later this year, almost 15 years after closing operations there during the global financial crisis, according to a report by the Financial Times.

Three unnamed FT sources have confirmed that the $54 billion firm is currently applying for licences to operate in Japan's financial markets and expects those to be granted before the end of the year.

Citadel's decision to reopen in Tokyo comes as other investment firms, including activist hedge fund Elliott Management, have been adding to their Japan-focused teams.

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