Monday, 28 July 2014
Last updated 2 days ago
Apr 4 2011 | 12:34pm ET
The head of U.S. distribution at Citadel Investment Group has left the firm, reportedly after failing to inform a key investor about the departure last month of mortgage hedge fund manager Bill King.
Jake Walthour left Citadel Asset Management last week—he joined the firm from hedge fund consultant Aksia in January 2010. According to Pensions & Investments, Walthour did not tell an institutional investor about King's March 7 resignation, which led Citadel to shutter his $200 million fund.
P&I reports that King's fund had a "fair" number of large institutional investors.
Citadel said it is looking for Walthour's replacement.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…