Bloomberg – Citadel LLC, the $11 billion hedge fund run by Ken Griffin, is shutting one of its residential mortgage funds after Bill King, the portfolio manager, left the Chicago-based firm, according to three people familiar with the situation.
King, who joined Citadel in 2008 from JPMorgan Chase & Co., left on March 7 following the appointment of Glenn Perillo as co-manager of the firm’s mortgage funds, according to the people, who asked not to be identified because the firm is private.
