Citadel’s Hong Kong Quant Ultimatum Has Wall Street Watching Singapore, Miami And Data Risk
Citadel has relocated some Hong Kong-based quantitative researchers to Singapore or Miami after telling staff to move or leave, the Financial Times reported. The hedge fund denied data-security concerns drove the decision and said it continues to hire in Hong Kong. Some employees quit instead of relocating. Citadel manages $67 billion and has nearly 200 staff in Hong Kong.