Monday, 22 December 2014
Last updated 17 hours ago
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.
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.