Hedge fund giant Citadel has hired three staffers in its build out a fresh New York-based investment unit, Fundamental Strategies.
Hedge fund giant Citadel has hired three staffers in its build out a fresh investment unit.
The group is headed by Eric Felder, who was hired from Magnetar earlier this year. The team, which invests across various asset classes, is set to grow to 20 to 25 investment professionals, and was called Fundamental Strategies when it was announced earlier this year.
Citadel has hired the following to the new team:
Citadel's new unit focuses on opportunistic investment ideas across the capital structure. The group will feed into Citadel's two main funds, Kensington and Wellington. Citadel manages $27 billion firmwide.
Citadel earlier this year closed down one of its stock picking units, Ravelin Capital, which was based in San Francisco.