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The NZ Superannuation Fund (NZS) has put new money in two US alternative asset strategies including a hedge fund operated by legendary firm Citadel and a direct private equity play in the communications infrastructure market.
Pacific Equity Partners is looking to acquire 100% of the Citadel Group (ASX: CGL) in a transaction worth $503 million. PEP is planning to provide funding to help Citadel expand its global footprint and to develop new products in specialist software and critical-secure information management for its customers in healthcare, defence and national security, government…