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Ken Griffin’s hedge fund Citadel has hired Nabeel Bhanji, a longstanding London-based portfolio manager at Elliott Management who worked on some of the activist hedge fund’s most high-profile campaigns.
Bhanji, who worked at Elliott for more than a decade and was one of 11 equity partners globally, is expected to have management responsibilities at Citadel in addition to an investment role, according to two people familiar with the situation.
Citadel and Elliott declined to comment.
The move is the latest and most significant departure from Elliott’s London office. Paul Singer’s $70bn hedge fund had only made Bhanji an equity partner in the past year.
Bhanji was in charge of some of Elliott’s biggest activist positions in recent years, including at miner Anglo American and Japanese technology conglomerate SoftBank.
Citadel runs $64bn in assets under management and, since it was founded in 1990, has grown into the most profitable investment firm in the industry’s history.
This is a developing story