Citadel Global Equities Co-Chief Out, Haley Now Sole Head

Feb 12 2013 | 1:23pm ET

Citadel Investment Group has parted ways with one of the co-heads of its global equities group.

Steve Weller left the hedge fund giant last week, Bloomberg News reports. Citadel had decided to have a single leader of the business and gave the job to Brandon Haley, who along with Weller and Jeff Runnfeldt was part of the triumvirate put in charge of the group in 2009.

Runnfeldt left Citadel last year.

Global equities manages Citadel's $3 billion stock fund.

Weller's exit ends a dozen-year run at Citadel. He oversaw communications, media, entertainment and technology stocks at the hedge fund, which he joined from Alliance Capital Management. Weller's résumé also boasts stints at Deutsche Morgan Grenfell and Lehman Brothers.

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