Citadel nabs another JPMorgan exec

Citadel Investment Group LLC has hired JPMorgan Chase & Co. veteran Derek Kaufman to run the hedge fund’s $20 billion U.S. fixed-income business. Mr. Kaufman, who spent 12 years at JPMorgan, will work in the hedge fund’s New York office as senior managing director. Citadel hired New York-based JPMorgan’s head of fixed income, Patrik Edsparr, in March to run the hedge fund’s European division. “Industry leaders like Derek Kaufman, along with many others who have joined our team recently and over the years, put us in the very best position to identify and execute on opportunities in the global capital markets,” Kenneth Griffin, Citadel’s president and chief executive, said in a statement. The Chicago-based hedge fund was founded in 1990 and has more than $20 billion in investment capital across multiple asset classes and investment strategies.