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Former Citadel Duo Plan Hedge Fund Startup

  • Niall O’Keeffe and Tio Charbaghi are setting up firm in London
  • They join a number of money managers who traded for Citadel
Skyscrapers In The City Of London

Photographer: Mike Kemp/Getty Images

Former Citadel money managers Niall O’Keeffe and Tio Charbaghi are preparing to start a hedge fund, becoming the latest alumni from billionaire Ken Griffin’s investment company to set up their own firms.

O’Keeffe and Charbaghi are setting up FIFTHDELTA in London, a global long-short equity fund to trade industrial and technology stocks, according to people with knowledge of the matter. The fund is expected to start trading in the third quarter of next year, the people said, asking not to be identified because the information is private. They didn’t disclose how much capital the fund will start trading with.