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.

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