Citadel Investment Group LLC has been busily snatching personnel from J.P. Morgan Chase & Co., and the banking giant reportedly is delivering some payback by halting counterparty trading with the $20 billion hedge fund, according to Breakingviews.
Citadel has swiped a half-dozen of J.P. Morgan's talent since March. A run down of the defectors includes Patrik Edsparr, who runs European and fixed
income, and adjustable rate mortgage securities trader Greg Boester,
whose departure this week allegedly prompted J.P. Morgan's order to it traders to cut off
Citadel. - George White