Wednesday, 1 October 2014
Last updated 2 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...