Wednesday, 4 March 2015
Last updated 2 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…