Mike Blake/ReutersKen Griffin's Citadel is adding AQR's head of trading in a new role for the Chicago-based firm: head of fixed-income trading.
Chang had been the head of trading for billionaire Cliff Asness' AQR since 2016, according to his LinkedIn profile, and previously was global head of FICC trading at KCG, which was bought by high-frequency trading shop Virtu in 2017. Before that, Chang worked at Goldman Sachs for over a decade in New York and London. Goldman Sachs quants overseeing $200 billion rolled out a new model for handling COVID-19 risk way back in January.
The firm's fixed-income division has also added Lamine Ait-Said and Michael Abittan in portfolio manager positions from Millennium in June in London, and the unit — which feeds into the firm's multistrategy Wellington and Kensington funds — has made 9.7% in its standalone fund so far this year, a source close to the firm said.
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