{
  "id": 3932265,
  "title": "Ex-Citadel Trader’s $1bn Agave hedge fund posts strong start in London",
  "url": "https://urgent.news/2026/08/28/ex-citadel-traders-1bn-agave-hedge-fund-posts-strong-start-in-london",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T09:14:39.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://www.hedgeweek.com/ex-citadel-traders-1bn-agave-hedge-fund-posts-strong-start-in-london/"
  },
  "original_language": "en",
  "account": "Former Citadel trader Gilberto Marcheggiano launched Agave Capital Management, a London-based macro hedge fund, with approximately $1bn in assets last year. According to eFinancial Careers, newly filed accounts for the firm show a strong start in the first 13 months of trading in 2025. The accounts report £21m ($28.5m) in turnover, comprising investment management fees and performance fees from investment gains. Agave had £14.3m in prepayments and accrued income at the period's end, though the breakdown between management fees and performance fees was not disclosed. If a significant portion of the accrued income represented crystallized performance fees, the results suggest mid-single-digit returns for the fund during its early period. Agave declined to comment on the matter.",
  "summary": "Agave Capital Management, the London-based macro hedge fund launched by former Citadel portfolio manager and partner Gilberto Marcheggiano, appears to have made a strong start after launching with approximately $1bn in assets last year, according to a report by eFinancial Careers.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}