Tuesday, 1 December 2015
Last updated 20 min ago
Nov 20 2007 | 1:53pm ET
Anand Parekh, who left Citadel Investment Group under something of a cloud, has raised $1.5 billion for his own hedge fund.
Parekh’s new Chicago-based shop raised the capital from Deutsche Bank, and is seeking additional investment before launching the fund, Reuters reports. It will pursue a multi-strategy, multi-asset class investing course.
Parekh left Citadel a year ago, amid rumors of the hedge fund giant’s imminent collapse. His global stock trading group had underperformed Citadel’s other business groups in the months leading up to his departure.
Prior to joining Citadel in 2003, he was head of the North American structuring group at Deutsche Bank.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…