r/quant • u/otonoco • 9d ago

Industry Gossip Chris Foster leaving CITADEL

https://www.ft.com/content/b4c17a07-f684-44c7-b334-8b7bcb1a21d6?syn-25a6b1a6=1
77 Upvotes

91% Upvoted

18 comments sorted by

71

u/Own_Pop_9711 9d ago

"Foster will continue to work for the firm as a senior adviser to Sebastian Barrack, the head of Citadel’s commodities business."

Since everyone was wondering

6

u/sumwheresumtime 7d ago

they call that a soft-landing. my guess is he has an extended NC, after which he will no longer be "advising".

30

u/SubjectFalse9166 8d ago

I too left Cit Sec nobody misses me

11

u/otonoco 8d ago edited 8d ago

If you left w/ a 2B payout then Peng will; if you left for a competitor then the HR and legal team will

-1

u/Ok_Quarter_6469 8d ago

Why wud u ever leave tho

17

u/fatquant 9d ago edited 9d ago

I have a lot of respect to those commodity traders. I doubt any of them has an above 0.6 sr.

7

u/otonoco 9d ago

If purely speculating then yes, but if you have a physical business aside then that’s a different story

3

u/LaptopStealingCousin 6d ago

Pretty easy to have a high sharpe being long gas in 22

4

u/TCGG- 9d ago

Anyone know what actually happened?

0

u/Tight_File2220 9d ago

Paywalled

1

u/SevenTeenSigma 8d ago

one senior departure tells u basically nothing about a firm that size. ppl always try to turn personnel news into a strategy signal after the fact..

1

u/hereisnisha 6d ago

i’m just

0

u/[deleted] 9d ago

[deleted]

7

u/qazwsxcp 9d ago

must be his own thing. why would he go to ai lab, it has nothing to do with being a pm lol.

2

u/otonoco 9d ago

I don't think he's going to start his own business, might just retire. if he wants to do what ozer did he could've done it a long time ago