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Jumat, 27 September 2019

EXCLUSIVE: Citadel cuts a team managing more than $1 billion after an analyst and a data scientist broke internal compliance rules

An analyst and a data scientist were fired by Citadel after they broke one of the firm's rules for trading in personal accounts, sources tell Business Insider.
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EXCLUSIVE: Citadel cuts a team managing more than $1 billion after an analyst and a data scientist broke internal compliance rules

An analyst and a data scientist were fired by Citadel after they broke one of the firm's rules for trading in personal accounts, sources tell Business Insider.

They were a part of a nine-person team in Texas that was focused on energy investments.

The portfolio manager of the team was fired because of performance reasons unrelated to the compliance issue, a source close to the firm said.

The team managed more than $1 billion, and the portfolio was liquidated after the analyst and the data scientist were dismissed.

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