Hedge Funds

A manager whose move to hedge fund Citadel Investments 18 months ago was described as an "act of war" by a rival hedge fund, has left the US group.

Andrew Rechtschaffen was a member of Citadel's principal strategies group, which follows an event-driven approach, investing in companies involved in a takeover or restructuring, according to a source close to the Chicago asset manager.

William Hutchings

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‘Act of war' manager leaves Citadel

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