Thursday, 25 December 2014
Last updated 1 day ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.