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Former Citadel Exec Dissolves Hedge Fund Plans

Jun 12, 2013
Jing Chen

A former global head of credit at Citadel’s securities unit has axed his plans to launch a hedge fund.

Bloomberg reported that Chris Boas’ Longwood Credit Partners, which was scheduled to open in the first quarter of this year, had difficulty raising capital from investors.

London-based Longwood had a strategy that looks to profit from price differences between debt securities.

Boas was head of credit at Chicago-based Citadel’s hedge-fund business before he ran credit markets at the firm’s securities unit, which was dissolved in August 2011.

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