Wednesday, 27 May 2015
Last updated 4 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…