Citadel Moves Some Hong Kong Quant Staff to Other Offices
Citadel moved some quantitative researchers from Hong Kong to align global teams. The hedge fund denied data security concerns and continues to hire locally.
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Citadel moved core quantitative researchers out of Hong Kong, requiring staff to relocate or exit the hedge fund. The firm manages $67 billion in assets. Citadel has doubled its local headcount to nearly 200 staff over four years.
The Financial Times first reported the relocations in May, citing sources familiar with the moves. Citadel told Reuters the shifts align with a global strategy to consolidate teams in single locations.
