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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
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- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
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- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Ken Griffin Shutting Down Citadel Stock-Picking Unit
Citadel is shutting down one of its four stock picking units a little over a year after launching.
Ken Griffin is shutting down SF-based Ravelin Capital, a unit that has struggled with underperformance. Jeff Runnfeldt, who had headed the unit, left Tuesday, 1/31. Most of the unit’s investment teams will be consolidated into Citadel's Global Equities business.
The Ravelin shutdown comes amid several other closures. Last year, Blackstone's Senfina platform closed following double-digit underperformance, less than 2 years after launching.
Related Stories: Terminations/Cost Cutting
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Deutsche Bank Plans to Cut Up to 20,000 Jobs Globally
June 28, 2019 -
A BNY Mellon Internal Struggle Pits DB Vets v. BNY Vets
June 6, 2019 -
‘Dreaded Bloodbath’ Has Begun at Goldman Sachs
March 14, 2019