Wednesday, 1 October 2014
Last updated 43 min ago
Dec 8 2008 | 3:22pm ET
Just six months after a major expansion in the region, Citadel Investment Group is roughly halving its headcount in Asia and closing its office in Tokyo.
The Chicago-based hedge fund giant, which has been buffeted by poor performance and investor redemptions, is just the latest Western hedge fund to scale back its Asian operations. The firm will cut a total of 37 positions in Asia: In addition to the dozen jobs to be lost at the Tokyo office, Citadel will also cut almost half of its Hong Kong-based staffed, leaving between 25 and 30 employees in that office.
Among the losses is Citadel’s Asian event-driven team. All other Tokyo-based businesses will now be run from Hong Kong.
In April, Citadel made a pair of big-name hires in the region, adding Nick Taylor from Credit Suisse Group as head of principal investments for Asia and Europe as well as Merrill Lynch’s David Noh as head of merchant banking in the region.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...