Citadel Hedge Fund Manager to Step Down

New York (HedgeCo.Net) – Misha Malyshev, a trader for Citadel Investment Group who headed two of the firm’s hedge funds, has resigned according to a report by Bloomberg News.

Malyshev seemingly had a successful run with Citadel, working for the firm for 6 years and helping the two hedge funds post returns of about 40 percent last year.  The hedge funds are estimated to manage about $2 billion in capital.

Malyshev used “high-frequency” trading, which is a computer-dependent strategy that aims to exploit hidden behavior trends in the market, to run the funds.  As opposed to real-time data analysis, high-frequency trading uses tick data to uncover information and trends that may be invisible to the average analyst.  Complex algorithms and PhD’s are usually standard with this method of trading.

According to the report, Malyshev will take some time off and is unlikely to start working for another fund within the next 18 months, because of contractual obligations.

Citadel, which is run by Kenneth Griffin, seems to be on the up and up this year after a disappointing 2008.  Griffin has informed investors that they will be able to make withdrawals from the firm’s biggest funds, Kensington and Wellington.  The two funds were frozen last year after losing over half of their value.

Julie Scuderi
Senior Editor for HedgeCo.Net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites.,, and

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in HedgeCo News and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

One Response to Citadel Hedge Fund Manager to Step Down

  1. Pingback: Citadel Hedge Fund Manager to Step Down |