Thursday, 23 October 2014
Last updated 12 min 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.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...