Key Takeaways
- • Citadel and ExodusPoint have both lost senior London macro traders and portfolio managers in recent months, according to a report by eFinancialCareers, amid challenging market conditions across the hedge fund sector.
- • Citadel's departures include senior macro volatility portfolio manager Avi Tullu, who left in September after joining from Pimco just a year earlier, and former Merrill Lynch EMEA rates trading head Simon Roach, who exited in October.
- • ExodusPoint has seen turnover including senior macro analyst Soham Sengupta (departed October 2026), FX trader Rupert Guest and Jim McKeever, according to Financial Conduct Authority records.
- • Reports indicate as many as 100 macro investment professionals have left or lost their positions across London's hedge fund sector.
- • Citadel continues to recruit, 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, a development that reflects broader pressure on portfolio managers across the hedge fund industry, according to a report by eFinancialCareers. The moves point to a challenging environment for discretionary macro strategies in the capital's hedge fund sector.
At Citadel, senior macro volatility portfolio manager Avi Tullu left in September, roughly a year after joining from Pimco. Simon Roach, a former head of EMEA rates trading at Merrill Lynch, departed in October after more than a decade at the firm. The reported departures come amid estimates that as many as 100 macro investment professionals have left or lost their positions across London's hedge fund sector.
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 these exits, Citadel continues to build out its macro business. The firm recently hired HSBC foreign exchange trader Vineet Mudgil, Emaad Alvi from Tudor Investment Corporation and Max Dykes from RBC, and strengthened its New York rates team with the appointment of Pedro Goldbaum from Deutsche Bank.
At Citadel, senior macro volatility portfolio manager Avi Tullu left in September, roughly a year after joining from Pimco. Simon Roach, a former head of EMEA rates trading at Merrill Lynch, departed in October after more than a decade at the firm. The reported departures come amid estimates that as many as 100 macro investment professionals have left or lost their positions across London's hedge fund sector.
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 these exits, Citadel continues to build out its macro business. The firm recently hired HSBC foreign exchange trader Vineet Mudgil, Emaad Alvi from Tudor Investment Corporation and Max Dykes from RBC, and strengthened its New York rates team with the appointment of Pedro Goldbaum from Deutsche Bank.
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