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

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of