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Citadel’s Equities Co-Head Runnfeldt to Leave Hedge Fund

Jeff Runnfeldt, co-head of  Citadel LLC’s global equities group, is leaving after a decade at the hedge fund. Photographer: Tim Boyle/Bloomberg News
Jeff Runnfeldt, co-head of Citadel LLC’s global equities group, is leaving after a decade at the hedge fund. Photographer: Tim Boyle/Bloomberg News

Aug. 24 (Bloomberg) -- Jeff Runnfeldt, co-head of Citadel LLC’s global equities group, is leaving after a decade at the hedge fund.

Runnfeldt plans to retire and his last day is Aug. 31, Katie Spring, a spokeswoman for the $12 billion firm based in Chicago, said in an e-mail.

Runnfeldt, 46, became co-head of global equities in 2009 along with Brandon Haley and Steve Weller when Citadel started its equity fund. The $2.5 billion fund has returned about 10.3 percent this year through mid-August, according to a person with knowledge of the returns. The Standard & Poor’s 500 Index gained 13 percent, including reinvested dividends, through the same period. Equity hedge funds have returned 2.8 percent, according to the HFRX Equity Hedge Index.

Runnfeldt joined Citadel, run by billionaire founder Ken Griffin, in 2002 and was named head of financials in 2004. Before Citadel, he worked at firms including Montgomery Asset Management and BT Alex Brown and had started out as a bank examiner at the Federal Reserve Bank of San Francisco, according to a Citadel biography.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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