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Hedge Funds’ Tech Metamorphosis Seen in Citadel’s Microsoft Hire

  • Bridgewater, Point72, Two Sigma have poached from tech giants
  • Quant hedge funds proved their value following Brexit vote

Silicon Valley watch out. The finance industry is coming after your top managers.

Hedge funds are poaching top executives from tech giants to manage their transformation into computer-driven firms full of engineers and mathematicians. Citadel’s hiring of Microsoft Corp.’s Kevin Turner follows big moves in the past year by Two Sigma Investments, which brought on Google Inc.’s Alfred Spector, and Bridgewater Associates, which tapped Apple Inc.’s Jon Rubinstein.