Citadel’s Barratt Departs After Losses on Spirit, Other Trades

The giant multistrategy hedge fund Citadel parted ways with credit portfolio manager Zachariah Barratt after a series of losses, including a soured bet on Spirit Aviation Holdings Inc., according to a person familiar with the matter.

He previously led corporate credit trading at Apollo Global Management Inc. and joined the global credit business of Ken Griffin’s hedge fund firm in 2021.