Wednesday, 3 June 2015
Last updated 5 hours ago
Feb 22 2013 | 1:04pm ET
The former head of Citigroup's quantitative equity hedge fund strategies is leaving the bank to start a hedge fund of his own.
Shakil Ahmed and his dozen-strong team will depart at the end of the month to "pursue fund management opportunities," Citi said in an internal memo announcing a reshuffle of its stock-trading businesses. Ahmed has served as head of electronic market-making for the past two years, moving into the post when Citi shuttered his Quantitative Strategies fund.
Ahmed's new hedge fund will be a quantitative venture, Financial News reports.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…