Hedge fund Citadel hires portfolio manager Nabeel Bhanji from Elliott
Adds details on Bhanji, Citadel, Elliott
Nov 11 (Reuters) -Hedge fund Citadel hired Nabeel Bhanji, a senior portfolio manager at Elliott Investment Management who worked on the firm's activist campaigns in Europe and Japan, two people familiar with the move said on Monday.
Bhanji, who works in London and was named a partner at Elliott last year, joined the firm in 2012 and worked on the campaign at mining company Anglo American AAL.L and held a board seat at Toshiba.
Representatives for Elliott and Citadel declined to comment.
The Financial Times first reported the move.
Ken Griffin's Citadel, which oversees roughly $64 billion, ranks among the world's most profitable hedge funds. It employs dozens of trading teams that pursue a variety of strategies in various asset classes. It however has not played a big role in activist investing where firms like Elliott, Trian Fund Management, Starboard Value, Jana Partners, ValueAct and Carl Icahn regularly pursue campaigns targeting underperforming companies.
Citadel is also well known for recruiting talent from rival firms.
Elliott, which oversees roughly $70 billion, is well known in the activist investment world for campaigns at companies including most recently Southwest Airlines LUV.N and Starbucks SBUX.O.
Reporting by Svea Herbst-Bayliss in New York and Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva and Franklin Paul
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
