Thu, Oct 8, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Co-head of Citadel's global equities group to leave hedge fund

Monday, August 27, 2012

Jeff Runnfeldt
Bailey McCann, Opalesque New York: Jeff Runnfeldt, co-head of Citadel LLC’s global equities group, is leaving after a decade at the hedge fund, according to a Bloomberg report of the matter. Runnfeldt has been in the position since 2009 when Citadel started its equity fund. Citadel is a multi-billion dollar hedge fund run by Ken Griffin.

The departure of Runnfeldt follows an announcement earlier this month that Chris Boas, former global head of credit at the firm, who left last year is starting his own fund. Boas’ Longwood Credit Partners LLP will seek to profit from price differences between debt securities and is scheduled to start in the first quarter of next year, according to an account of the matter. For his part, Runnfeldt intends to retire.

Citadel started breaking up its securities unit in 2011, but so far intends to keep its electronic trading and market making business despite a failed attempt to start a full fledged investment bank. The fund was also recently in the news for losses it took as part of the glitch-riddled Facebook IPO in which the firm bought and sold $3.8bn in Facebook stock, according to a Reuters ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko