Feb
18
Citadel Said to Cut Staff as Main Funds Drop 6.5% to Start 2016
By-
Griffin’s firm fires about 15 people from one equity group
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Hedge fund manager has been hiring for its Ravelin unit
Ken Griffin’s $26 billion firm cut about 15 investment professionals from one of its stock-trading units as its main hedge funds lost 6.5 percent in the first six weeks of the year, according to a person familiar with the firm.
Citadel trimmed portfolio managers, analysts and junior analysts from its Surveyor arm that was formed in 2009, said the person, who asked not to be identified because the information is private. The group currently has about 200 employees across 25 teams…
Citadel Said to Cut Staff as Main Funds Drop 6.5% to Start 2016
