Friday, 29 May 2015
Last updated 11 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…