Discover your dream Career
For Recruiters

An ex-Deutsche Bank trader left Citadel

Following last year's exits, Citadel has parted company with another portfolio manager: Frederico Massote is understood to have left the hedge fund.

Neither Citadel nor Massote commented on the departure, which is understood to have happened in recent weeks. 

Massote joined Citadel from Deutsche Bank (where he worked in the São Paulo office) in October 2014. He spent nearly two years at Citadel in London before moving to the hedge fund's New York office. It's not clear where he's going next. Industry sources suggest Massote was let go.

Massote's exit comes after Antonio Fortes left Citadel for Exoduspoint in November, and after Diego Megia left for Millennium. Uberto Palomba, another ex-Citadel portfolio manager, is expected to join Millennium in 2019.

Citadel has also been hiring. The fund is understood to have quietly recruited Harvinder Sian, Citi's global head of G10 rates research. Citadel's flagship Wellington fund returned over 9% last year.

Changes at Citadel come as quant fund AQR is reportedly cutting staff. They also come as BlueCove, a new fixed income quant fund, is doing some big hiring. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Latest Jobs

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.