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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Citadel Hires Goldman Sachs Execs

Feb 10, 2014
Jing Chen

A pair of Goldman Sachs managing directors is joining Chicago-based hedge fund firm Citadel’s fixed-income division.

Bloomberg reported that Uberto Palomba, Goldman’s co-head of emerging markets trading for Europe, the Middle East and Africa, and Jonathan Tipermas, who managed the bank’s dollar swaps-trading desk, have joined Citadel as part of the firm’s plan to expand its fixed-income operation.

Palomba will work out of Citadel’s London office, while Tipermas will be based in New York.

Citadel, which has additional offices globally including San Francisco and Hong Kong, manages about $2.2 billion in its fixed-income fund. The firm has a total of about $16 billion in assets under management.

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