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Citadel Hires Merrill Asian Distressed, Special Situations Team

Chicago hedge fund giant Citadel Investment Group is beefing up its Hong Kong office with Merrill Lynch talent.

The $20 billion hedge fund has named Adwait Masurkar a director. Five members of Masurkar’s team are set to join him at Citadel this month, working on Asian distressed and special-situations investments.

Masurkar joined the hedge fund last month. He had been a vice president at Merrill, where he worked on Pacific Rim principal investments.

The arrival of the six reunites the team with David Noh, the former head of Pacific Rim corporate principal investments at Merrill, who joined Citadel as head of Asian merchant banking in April.


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