So, like, Citadel was totally not melting down on Friday. It's just that Anand wasn't answering thye phone because he was too busy quitting.
The head of global stocks at the Citadel Investment Group, a $12 billion Chicago-based hedge fund, has left the firm, according to a person briefed on the situation.
The executive, Anand Parekh, formerly head of the North American structuring group at Deutsche Bank, left Citadel on Friday. He was one of seven business heads at the giant hedge fund, and was seen by some investors as among those who could be a potential successor to Kenneth Griffin, the 38-year-old billionaire founder and chief executive of Citadel.
Bryan Locke, a spokesman for the fund, said Citadel did not comment on personnel issues. Mr. Parekh could not be reached for comment.
Anyone want to guess why Anand left?
Executive at Stock Unit Said to Leave Hedge Fund [New York Times]