Citadel is expanding its quantitative investing operation and widening its search for talent to AI labs as hedge funds compete with Silicon Valley for researchers
Citadel is planning to increase its headcount at a “healthy” double-digit rate over the next year.
The firm is targeting researchers from AI labs such as Google DeepMind, looking for people who can develop investment ideas and put AI tools to work - Bloomberg
Citadel Securities is seeking to attract Asia institutions including retail brokers, sovereign wealth funds and asset managers for its 24-hour US equities trading service
Citadel rugged Leopold.
Fund was up 439% through June. One brutal month and got margin called margin called. Citadel bought the entire public equity book on July 30. And unwound 80% of that book in Aug for fat profits.
This weekend - Dario Amodei, Sam Altman and Elon Musk all calling for a slowdown in AI development. Three people who have never agreed on anything suddenly on the same page.
They're about to Margin call a lot of people this time.
Almost feels like it is planned.
Citadel told regulators that prediction market contracts linked to publicly-traded companies should be overseen by the SEC instead of the agency that has taken responsibility for them so far, the Commodity Futures Trading Commission
CITADEL EYES U.S. OIL ASSETS
Citadel has held talks to acquire U.S. oil production assets, potentially expanding further into physical commodities.
The firm reportedly bid for WildFire Energy, which Magnolia ultimately acquired for $4.06B, and has discussed other oil-focused assets with private equity firms.
Elevated crude prices and Middle East tensions are boosting interest in U.S. production, which avoids chokepoints like Hormuz.
Citadel already owns Apex Natural Gas, its U.S. gas production platform.