Citadel MD Steps Down For Slot at Alibaba Family Office

Apr 24 2015 | 9:49am ET

Oliver Weisberg has left Citadel to help run a family office for a group of Alibaba executives.

Hong Kong-based Weisberg, who was a managing director at Ken Griffin’s hedge fund and worked there for nearly nine years, will leave at the end of June, according to Bloomberg. 

The family office that is hiring him is being set up by Joseph Tsai, Alibaba’s vice chairman. The office will also manage the money of other Alibaba founders and plans to follow investment strategies aimed at generating consistent, long-term absolute returns.

Weisberg will co-manage the firm with Alexander West, who has been running Tsai's existing family office Blue Pool Capital.

Tsai is worth an estimated $5.4 billion, according to Bloomberg data, generated primarily from Alibaba's record-breaking $25 billion IPO last year. 

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