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Citadel has hired a new PM from rival multi-strategy hedge fund Point72 as it builds out its equity portfolio management (PM) team.
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Daniel Beckman, who spent six years at Point72 in Connecticut, has just joined Citadel in New York as a portfolio manager in the global equities team.
At Citadel, Beckman would eventually reunite with former Point72 colleagues Justin Rubel, Bobby Swift, and Robert Banham.
Mr. Rubel heads Citadel’s global equities practice. He joined from Point72 in 2020. Swift will also join LeBell’s team, but is on gardening leave until 2025. Banham is on gardening leave until later this year.
Citadel declined to comment. The firm recently hired three London-based equity portfolio managers from Pelham Capital and Egerton Capital: Vadim Chipenyuk, James Wyattand and Ashley Stewart.
Point72 doesn’t seem to be doing well in the post-bonus hedge fund recruiting round. The firm recently replaced Francine Fang as global head of systematic trading strategies for Baryasny.
Citadel’s stock fund returned 2.1% in January, according to Bloomberg.
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