Wednesday, 23 July 2014
Last updated 10 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…