(FinAlternatives) Kenneth Griffin’s hedge fund Citadel will hire 17 portfolio managers from beleaguered Visium Asset Management in a move that mirrors past steps to gather top staff from struggling rivals.
Wracked by an insider trading probe and other investigations by federal authorities, Visium announced it would liquidate its flagship Balanced fund and sell its Global fund to AllianceBernstein – a deal that has reportedly since been torpedoed by the Citadel move, according to an article in The Wall Street Journal.
