Citadel Exec Exits Amid Collapse Rumors

Nov 22 2006 | 1:05pm ET

Once on the shortlist of names to succeed Citadel Investment Group founder Kenneth Griffin, Anand Parekh left the huge Chicago hedge fund last week after several months of disappointing returns in his group.

According to The New York Times, Parekh, who headed global stock trading at Citadel, left the firm on Friday. While his group was in the black, the Times reports that it has lagged Citadel’s six other business groups. James Yeh, head of global markets and quantitative strategies at Citadel, is reportedly succeeding Parekh.

Parekh is the former head of the North American structuring group at Deutsche Bank.

On the day Parekh departed, Citadel was forced to deny rumors that it was on the brink of collapse due to bad energy trades.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note