A Citadel portfolio manager left a new investment group less than a year on the job
- Neel Gupta, a portfolio manager at Citadel's Fundamental Strategies unit, has left.
- Gupta had joined Citadel less than a year ago from Pine River Capital.
A portfolio manager who was part of Citadel's burgeoning Fundamental Strategies group has left less than a year on the job.
Neel Gupta recently left Citadel, people familiar with the matter said.
In September 2017, Gupta joined Citadel's Fundamental Strategies group as an equities portfolio manager from Pine River Capital, where he focused on event-driven equities, Business Insider earlier reported.
The group is headed by Eric Felder, who was hired from Magnetar last year. The team, which invests across various asset classes, was set to grow to 20 to 25 investment professionals.
The reasons for Gupta's departure are unclear. Gupta declined to comment.
Citadel's flagship Wellington fund gained 2.5% in April and about 7% year to date through April after fees, a person familiar with the numbers said. The flagship fund encompasses performance from multiple units at Citadel.