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Tuesday, October 13, 2009

Former Citadel manager starts new hedge fund

(Dow Jones) - A former Citadel Investment Group senior manager is launching a new hedge fund with three other ex-employees of the Chicago firm, a move that reunites a veteran trading team and adds to an expanding field of startups.

Ervin Shindell is starting a Chicago-based firm called RoundKeep Capital Advisors with investment managers Joseph Rotter, Robert Doherty and Robert Donath, each of whom spent between five and 10 years at Citadel, according to a marketing document for the new firm reviewed by The Wall Street Journal.

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