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Citadel Clarifies Relocation of HK Quantitative Strategy Team Unrelated to Data Security
Due to data security concerns, US hedge fund Citadel informed members of its global quantitative strategy team based in Hong Kong to relocate from the city or leave the company, th...
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Due to data security concerns, US hedge fund Citadel informed members of its global quantitative strategy team based in Hong Kong to relocate from the city or leave the company, the Financial Times, citing sources, reported.

However, Citadel stated that this personnel reshuffle is part of a global team restructuring that took place two years ago, not a recent development. The aim is to have team members work together as much as possible, and it has nothing to do with data security.

Furthermore, the company continues to recruit quantitative strategy researchers in Hong Kong and Singapore.

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