Citadel Investment Group, the fifth largest hedge fund in the U.S. with some USD9.5 billion under management, has hired Pavandeep Sethi, an equity volatility trader at JD Capital Management in Greenwich, Conn. reportedly to spearhead a new volatility arbitrage business. Sethi reached at Citadel's office in Chicago referred calls to Scott Rafferty, spokesman, who declined comment.
Citadel Reportedly Eyes New Vol Arb Business
