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Citadel Jettisons Some Staff in Reshuffle at Surveyor Unit

  • Phillip Lee puts his stamp on group after taking over in May
  • Some portfolio managers have been cut and then replaced
Updated on

Ken Griffin’s Citadel has dismissed several portfolio managers and analysts in a shakeup at its Surveyor Capital unit.

More than a half-dozen portfolio managers and even more analysts have departed since Phillip Lee took Surveyor’s reins in May, according to people familiar with the matter. The restructuring included cutting several teams, hiring new ones and asking some employees to relocate.