Ex-Citadel Securities Quant Triples Assets at China Hedge Fund

A former Asia quant research chief at Citadel Securities LLC has more than tripled assets at his China hedge fund in recent months, as the firm boosted fundraising after building up a strong track record.

ZenX Quant’s assets jumped to 14 billion yuan ($2 billion) as of April, from about 4 billion yuan of mostly institutional money as recently as November, according to roadshow documents seen by Bloomberg News.