Key Takeaways
- • Citadel and ExodusPoint have both seen departures from their London macro trading teams, according to a report by eFinancialCareers, as challenging market conditions pressure hedge fund portfolio managers.
- • At Citadel, senior macro volatility portfolio manager Avi Tullu left in September, roughly a year after joining from Pimco, and Simon Roach, a former head of EMEA rates trading at Merrill Lynch, departed in October.
- • ExodusPoint lost senior macro analyst Soham Sengupta in October, and foreign exchange trader Rupert Guest and Jim McKeever have also left, according to Financial Conduct Authority records.
- • The report cites reports that as many as 100 macro investment professionals have left or lost their positions across London's hedge fund sector.
- • Citadel continues to recruit across its macro business, hiring HSBC FX trader Vineet Mudgil, Emaad Alvi from Tudor Investment Corporation, Max Dykes from RBC, and Pedro Goldbaum from Deutsche Bank for its New York rates team.
Summary
Citadel and ExodusPoint have experienced a series of departures from their London macro trading teams, according to a report by eFinancialCareers. The reported exits reflect challenging market conditions that are placing pressure on portfolio managers across the hedge fund industry. The report also cites reports that as many as 100 macro investment professionals have left or lost their positions across London's hedge fund sector.
At Citadel, senior macro volatility portfolio manager Avi Tullu departed in September, just a year after joining from Pimco. Simon Roach, a former head of EMEA rates trading at Merrill Lynch, left in October after more than a decade at the firm.
ExodusPoint has also seen turnover. Senior macro analyst Soham Sengupta departed in October, having joined in December 2025. Foreign exchange trader Rupert Guest, who arrived from Barclays in January 2025, and Jim McKeever, who joined from Caxton Associates in 2024, have also left, according to Financial Conduct Authority records.
Despite the departures, Citadel continues to recruit across its macro business. The firm recently hired experienced HSBC foreign exchange trader Vineet Mudgil, along with Emaad Alvi from Tudor Investment Corporation and Max Dykes from RBC. It has also strengthened its New York rates team with the appointment of Pedro Goldbaum from Deutsche Bank.
At Citadel, senior macro volatility portfolio manager Avi Tullu departed in September, just a year after joining from Pimco. Simon Roach, a former head of EMEA rates trading at Merrill Lynch, left in October after more than a decade at the firm.
ExodusPoint has also seen turnover. Senior macro analyst Soham Sengupta departed in October, having joined in December 2025. Foreign exchange trader Rupert Guest, who arrived from Barclays in January 2025, and Jim McKeever, who joined from Caxton Associates in 2024, have also left, according to Financial Conduct Authority records.
Despite the departures, Citadel continues to recruit across its macro business. The firm recently hired experienced HSBC foreign exchange trader Vineet Mudgil, along with Emaad Alvi from Tudor Investment Corporation and Max Dykes from RBC. It has also strengthened its New York rates team with the appointment of Pedro Goldbaum from Deutsche Bank.
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