Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Ex-Trader Hired by Citi

Feb 06, 2014
Jing Chen

A former trader at EQI Asset Management is leaving the London-based hedge fund firm to take up a senior role at Citi.

Securities Lending Times reported that Benga Sofoluwe, who left EQI late last year, will run Citi’s equity finance desk in Hong Kong. Sofoluwe, who was a trader in equity finance and delta one trading at EQI, previously worked at Deutsche Bank as head of European securities lending.

Citi sold the majority of its hedge fund business to a new entity, Napier Park Global Capital, in an effort to comply to the Volcker Rule last year.

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