Citadel rehires Matt Giannini – again
Citadel is bringing back Matt Giannini for a third spell at the multi-strategy hedge fund, highlighting the intense competition among large managers for executives with experience recruiting investment talent, according to a report by Business Insider. Giannini is returning to the $76bn firm from Walleye Capital, where he has spent less than a year as chief operating officer of the firm's equity…
Citadel has welcomed back Matt Giannini for a third tenure at the multi-strategy hedge fund, reflecting the fierce competition among large managers for executives skilled in recruiting investment talent, as reported by Business Insider. The $76bn firm's former chief operating officer of its equity long-short business is set to return to Citadel in 2027, contributing to the growth of its equities division, according to a spokesperson for the Miami-based company.
Giannini's journey with Citadel began in 2007, after which he transitioned to Balyasny Asset Management in 2012. At Balyasny, he ascended to the position of global co-head of business development, playing a pivotal role in hiring and fostering relationships with investment professionals. He was subsequently rehired by Citadel in late 2018, ultimately becoming the firm's global head of equities business development before departing in 2024.
His second exit from Citadel occurred amid mounting competition for seasoned investment professionals within the multi-strategy hedge fund sector. Giannini then joined Walleye Capital as the firm bolstered its senior team.
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