Discover your dream Career
For Recruiters

Citadel adds quant research head for convertible arbitrage team

Hedge fund giant Citadel has hired a former managing director at BlackRock to head up quantitative research for its convertible arbitrage team. Dr. Johnny Kang started earlier this month as an MD in New York.

Kang spent the last four years working on BlackRock’s systematic fixed income team as the global head of research and innovation. He’d previously spent two stints at hedge fund rival AQR Capital Management, working across both equities and credit. Kang filled the gap by earning his PhD in business economics and his M.S. in applied mathematics from Harvard University. He also has his bachelor’s in finance and engineering from the University of Pennsylvania.

If you’re looking for a pattern in its recent hires, Citadel has shown a propensity to add recruits with extensive and often eclectic educational backgrounds, including multiple post-graduate degrees. The strategy seems to be working. Citadel’s flagship funds gained 13.6% during the first six months of 2019, well above the average for similar multi-strategy hedge funds, according to Bloomberg.

Have a confidential story, tip, or comment you’d like to share? Contact: btuttle@efinancialcareers.com Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by actual human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t).  

author-card-avatar
AUTHORBeecher Tuttle US Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Latest Jobs
Tikehau Investment Management - Annonces
Fund Operations Analyst - Private Debt
Tikehau Investment Management - Annonces
Milan, Italy
AXA Investment Managers
Financial Controller
AXA Investment Managers
Milan, Italy

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.