Citadel Securities Cuts Distressed-Bond, Loan Team

15 Aug 2011

Citadel Securities, the market-making arm of the Chicago-based hedge fund, cut several salespeople, analysts and traders from its distressed-debt and loan team as Citadel looks to unload its investment bank.

Citadel Securities, the market-making arm of the Chicago-based hedge fund, cut several salespeople, analysts and traders from its distressed-debt and loan team as Citadel looks to unload its investment bank. Among those departing are Art de Pena, Patrick McCarthy, Dan Newman and Grenville Day.

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