Citadel Takes Asset Control

OPERATIONS

Chicago-based hedge fund Citadel Investment Group signed up last week to use Asset Control's AC Plus software to manage data used across the firm. Citadel expects that the platform will also help it eliminate certain data vendors.

David Hirschfeld, managing director of IT at Citadel, says the firm needed a platform that could normalize and arbitrate data from multiple feeds and deliver it to front- and back-office applications. Citadel had been doing this with in-house technology.

He says the

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