Ken Griffin's Citadel Is Said to Stop Event-Driven Investing
- Joseph Rotter, head of the strategy, has left the firm.
- Citadel will still invest in companies going through mergers.
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Citadel, the $26 billion investment firm run by Ken Griffin, stopped investing in companies going through events like spinoffs and restructurings, and the head of that business has left, said a person familiar with the firm.
Joseph Rotter, who oversaw event-driven investing at the Chicago-based firm, left last week. He was in his current role at the hedge fund firm for two years, according to his LinkedIn profile. Katie Spring, a spokeswoman for Citadel, confirmed his departure and declined to comment further.