{"id":52292,"date":"2016-04-21T08:25:19","date_gmt":"2016-04-21T12:25:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52292"},"modified":"2016-04-21T08:25:19","modified_gmt":"2016-04-21T12:25:19","slug":"citadel-to-launch-new-stock-unit-taps-diamondback-capital-co-founder-as-head","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2016\/citadel-to-launch-new-stock-unit-taps-diamondback-capital-co-founder-as-head.html","title":{"rendered":"Citadel to Launch New Stock Unit, Taps Diamondback Capital Co-Founder as Head"},"content":{"rendered":"

(Reuters) Hedge fund Citadel is launching a new stock-picking unit later this year and has hired industry veteran Richard Schimel to run it, illustrating the $24 billion firm’s commitment to a sector where it has expanded dramatically in the last year. The company said Schimel will join as a senior managing director and will sit on the firm’s investment committee while overseeing the still unnamed new unit.<\/p>\n

“With Richard’s hire we continue to execute our talent growth strategies, establishing teams in talent-rich locations while also providing ample opportunities to promote and develop existing team members through a number of platforms,” Citadel wrote to investors in a letter seen by Reuters.<\/p>\n

To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) Hedge fund Citadel is launching a new stock-picking unit later this year and has hired industry veteran Richard Schimel to run it, illustrating the $24 billion firm’s commitment to a sector where it has expanded dramatically in the last […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52292","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=52292"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52292\/revisions"}],"predecessor-version":[{"id":52293,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52292\/revisions\/52293"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}