How does Citadel print?
Multi-strat trading P&L. Fees on outside capital. The pod is the unit.
A hedge fund that pays like a lab. The product is the return.
The mix
- Trading P<he book.85%
- Mgmt / otherOutside capital.15%
Who pays
Allocators. Markets.
Who builds
PMs, QR, and the platform SWE who keep the pods fast.
