Citadel taps Elliott veteran to lead combined international equities business
Citadel is consolidating its international equities operations under Nabeel Bhanji as the $77bn-plus hedge fund looks to increase the amount of capital it can deploy across European and Asian markets, according to a repot by the Financial Times.
Citadel, the $77 billion hedge fund, is merging its international equities divisions under the leadership of veteran Nabeel Bhanji, according to the Financial Times. Bhanji, who left activist investment firm Elliott Management in 2024 to join Citadel, will oversee the combined international equities operation following the retirement of Drew Gillanders.
The restructuring brings together Citadel International Equities, Citadel's established long-short stock-picking division, and Strategic Equity Investments, a newer unit Bhanji spearheaded since 2024. The new combined operation aims to capitalize on Citadel's expansion outside the US and leverage Bhanji's investment expertise and commitment to nurturing portfolio management talent.
Strategic Equity Investments has recently granted portfolio managers increased flexibility to hold larger positions for more extended periods and engage directly with the management teams of their investments, a strategy Bhanji referred to as "constructivist." Bhanji spent over a decade at Elliott, where he served as a portfolio manager and equity partner, contributing to significant international investments, including London-listed mining firm Anglo American and Japanese technology company SoftBank.
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