Tuesday, 26 May 2015
Last updated 1 hour 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.
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…