Ex-Citadel Volatility Arb. Chief Plans New Fund

Mar 25 2009 | 2:08am ET

A trio of former Citadel Investment Group portfolio managers is setting up their own hedge fund shop, expected to launch this summer.

Chicago-based Gladius Investment Group was founded by Pav Sethi, global head of volatility arbitrage at Citadel until last year. He is joined by Rajesh Kedia, formerly of the volatility arbitrage group at Citadel, and Bertrand Divet, former head of credit strategies at the firm’s volatility trading and arbitrage group, according to Bloomberg News.

Gladius is to begin trading by June. It is unclear how much the Citadel veterans plan to raise for the new offering.

According to Bloomberg, Gladius plans to hire about eight additional personnel, including other former Citadel employees.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note