Monday, 22 September 2014
Last updated 2 days ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.