•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Bailey McCann, Opalesque New York:

Citadel has hired away Glencore energy derivatives trader Daniel Liu to lead a commodities trading team in Asia. The news was first reported by Reuters.

Liu will join the commodities team as a portfolio manager and will initially focus on oil and refined products. Liu will be based in Citadel's newly announced Singapore office and will manage a team of four to five people.

Liu was recently the head of Asia oil and liquefied natural gas derivatives trading for Glencore in Asia, according to his Linkedin profile.

The Singapore office will include the firm's Asia hedge fund business as well as market-making Citadel Securities. According to a Bloomberg report, the firm plans to continue expanding its operations in Hong Kong.

Citadel Securities will also be expanding its operations in Sydney and Shanghai. Citadel Securities is in a position to grow as the demand for market making and trading support expands world wide in the face of global uncertainty.

Citadel's hedge funds have also benefited from market volatility. According to Bloomberg, the firm's flagship multi-strategy hedge fund gained 16.5% in the first seven months of the year.......................

To view our full article Click here