Citadel European Chief To Retire

Feb 28 2014 | 10:11am ET

Citadel Investment Group’s European CEO will leave the hedge fund at the end of next month.

Kaveh Alamouti joined Citadel in 2008 from Moore Capital Management. But his global macro fund, which Citadel hoped to raise $5 billion for, was liquidated last year; it had only $250 million in assets at the time. All of that money belonged to Citadel and its employees.

Alamouti’s position—he was head of global macro trading as well as European CEO—will not be filled. Alamouti himself plans to manage his own money, with some of his 10-member team expected to join him.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of