Citadel Launches Zurich Office (And People on the Move)
Ken Griffin’s hedge fund Citadel heads to Switzerland
Hedge fund Citadel is launching a new office in Zurich. The new space will host its marketing-arm, Citadel Securities, according to the firm. This division is one of the world’s top shops for high-frequency trading.
The fund has appointed Nicolai Meinshausen to lead the office. Meinshausen is a professor at Zurich’s ETH. He is an expert in machine learning and has advised Citadel since 2013. The 43-year-old Berkeley and Oxford graduate accompanies another new firm hire in Stuart Feldman.
Here are the other people on the move for September 27, 2019.
Stifel Hires Sandra Wheeler
- First up, Sandra Wheeler has left Wells Fargo Advisors to join Stifel Financial in Obispo, California. Wheeler has 25 years of industry experience and has managed client assets worth $140 million. In an additional statement, the firm said it is “very pleased that Sandra chose Stifel and that she will become an integral part of WIN – Stifel’s Women’s Initiative Network led by First Vice President Crystal Schlegl.”
- Second, private equity firm Pomona Capital has promoted Patrick Madaus to Partner. He joined the firm in 2011 and progressed through the firm in various sourcing, structuring, and analysis roles. Pomona is a global firm with $11.7 billion AUM.
- Third, Andrew Parry has joined Newton Investment Management. Months after departing from Hermes Investment Management, Newton will now take over the sustainable investments team at his new Home.
- Finally, Man Group is launching its first US long-short strategy fund. The company has hired former SAC Capital portfolio Mike Corcell to lead the team. Corcell comes over from RWC and specializes in long-short strategies in U.S. equities.
Latest Alternative Investment News
International Monetary Fund analyst Laura Kodres warns that investors are putting too much faith in mutual funds. According to Deutsche Bank, half of the high-yield asset funds could experience liquidity…
The artificial intelligence race draws many comparisons to the moon race between the United States and China. But is that an overreaction, and, if so, who is winning right now?
Facebook announced Tuesday the launch of Facebook Pay, a new payment system. Facebook Pay will handle payments across the Facebook ecosystem, namely, Facebook, Messenger, Instagram, and WhatsApp. Payments via Facebook…