Mr. Barrack received a bachelor’s degree from Australian National University. Head of Global Credit. Convertible bond arbitrage is a strategy executed mostly by hedge funds. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Our equities platform supports three different businesses: Established in 2001, Citadel Global Equities (CGE) is Citadel’s founding fundamental equities business. It involves the simultaneous purchase of convertible securities and … We analyze historical and current information through statistical and quantitative modeling, as well as predictive analytics, to identify and capture opportunities. View Phil Dumas, CFA’S profile on LinkedIn, the world’s largest professional community. Citadel’s Fixed Income and Macro team seeks to generate alpha by investing in fixed income securities in global markets using macro and relative value strategies. Edwin Lin is Head of Global Fixed Income at Citadel and is a member of Citadel’s Portfolio Committee. He also serves on Citadel’s Portfolio Committee. Prior to assuming his current role, he served as a Portfolio Manager in the Global Credit group focused on convertible bonds and capital structure arbitrage. Previously, Sharon worked at the convertible bonds arbitrage team at Citadel LLC in San Francisco and as a management consultant at PricewaterhouseCoopers in Hong Kong. 1 (To Prospectus dated November 3, 2003) This prospectus supplement supplements the prospectus contained in the Registration Statement on Form S-3, as amended, of DURECT Corporation relating to the resale from time to time by selling securityholders of our $60,000,000 principal amount 6.25% Convertible … In markets around the world, we work relentlessly to uncover and capture new opportunities. 20 August 2019. His previous roles include Head of European Equities Trading, Co-Head of Global Credit, and Global Co-Head of Emerging Market Debt. He’d previously spent two stints at hedge fund rival AQR Capital Management, working across both equities and credit. in applied mathematics from Harvard University. by Beecher Tuttle 20 August 2019. Jan 2019 – Jul 2019 7 months. He first joined Citadel as a Senior Quantitative Researcher in 2013. ... more cash. He also serves on Citadel’s Portfolio Committee. Convertible arbitrage is a trading strategy that consists of shorting overpriced warrants while buying the underlying stock. Kang spent the last four years working on BlackRock’s systematic fixed income team as the global head of research and innovation. Ideas are not enough in the pursuit of successful investments. The strategy seems to be working. Get the latest career advice and insight from eFinancialCareers straight to your inbox, Please click the verification link in your email to activate your newsletter subscription. Head of Global Quantitative Strategies. He previously served as a managing director at BlackRock, the world’s largest assets manager. Prior to joining Citadel, Navneet served as Director of Quantitative Research at American Century Investments. Hema Parmar. The tsunami that threatened to capsize Citadel was the massive global credit freeze. By his sophomore year, he had enough to launch a convertible-bond arbitrage fund. He j oined Citadel in 2013. Sebastian Barrack is Head of Commodities at Citadel and is a member of Citadel’s Portfolio Committee. Citadel’s investment strategies focus on all major asset classes across the world’s capital markets. Verition runs five strategies — equity, quant, credit, event-drive, and convertible arbitrage — that are all positive for the year. If you’re looking for a pattern in its recent hires, Citadel has shown a propensity to add recruits with extensive and often eclectic educational backgrounds, including multiple post-graduate degrees. All rights reserved. Leveraging its in-depth understanding of central banks and partnerships with leading economists, our expertise spans macro views, monetary policy, and the intersection of public and proprietary data. Areas of focus include rates, currencies, sovereign bonds, and inflation. Goldman Sachs loses top quant trader to Citadel after just six months, Citadel hires former BAML strat with eye-opening educational background, The most hated office clichés among engineers and developers, Do you need a PhD for a quant job in finance? Citadel adds quant research head for convertible arbitrage team. Operating primarily across the U.S. and European corporate universe, the group’s core strategies integrate structural, statistical, and fundamental approaches to investing across the corporate capital structure. For a while, convertible bond arbitrage was Citadel's primary strategy, though since then it has expanded considerably into other areas and is at this point a well-diversified hedge fund. Hedge fund giant Citadel has hired a former managing director at BlackRock to head up quantitative research for its convertible arbitrage team. And current information through statistical and quantitative methods to Healthcare Portfolio manager focused on Global linear relative value.. He had $ 1 million in investors ’ money for the year the equity and securities. Seek to generate alpha by combining fundamental stock selection with proprietary analytical,! Citadel and is a member of Citadel ’ s Portfolio Committee a firm they 're to! 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