Citadel Equities Chief To Retire

Aug 24 2012 | 1:09pm ET

A top Citadel Investment Group executive is retiring, the latest in a years-long string of senior exits from the hedge fund giant.

Unlike most of those departures, however, Jeff Runnfeldt is leaving the firm's hedge fund unit, rather than its embattled and all-but-shuttered investment banking division. Citadel's co-head of global equities since 2009, Runnfeldt will step down at the end of the month, Bloomberg News reports.

Runnfeldt, 46, has spent the last decade at Citadel, including as head of financials. He, Brandon Haley and Steve Weller were named global equities co-chiefs when the firm launched its equity fund in 2009.

That $2.5 billion vehicle is up 10.3% this year.

Runnfeldt worked at Montgomery Asset Management, BT Alex Brown and the Federal Reserve Bank of San Francisco before joining Citadel.

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