Ex-Citadel Team Launches New Fund for Neuberger Berman

The fund is the latest in a line of hedge funds and other alternative investments that the 77-year-old firm has successfully managed, mostly under the radar.

A four-person team that formerly worked for Kenneth Griffin’s Citadel has launched a new event-driven fund for Neuberger Berman.

The Principal Strategies Group began trading on October 20, according to a letter obtained by Alpha and sent to clients by Joseph Rotter, who heads up the group.

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