Citadel Tells Some Quant Staff to Relocate From HK or Quit, FT Reports

Citadel has moved some of its researchers out of Hong Kong due to data security concerns, the Financial Times reported, citing people familiar with the matter.

The US hedge fund told members of its Hong Kong-based global quantitative strategies team that they had to either relocate or leave the firm, the people told the FT. Some researchers relocated to Singapore or Miami while others quit, the people said.