Monday, 30 March 2015
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.
Mar 9 2015 | 6:35am ET
As 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…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…