Sunday, 21 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.