By Carolina Mandl

NEW YORK (Reuters) – Hedge fund Citadel has hired Holocene Advisors’ Ryan Royce as a new portfolio manager at its global equities unit, one source familiar with the matter said.

He will start working at Citadel Global Equities in mid-2025, focused on consumer, in a newly created position in New York.

Royce joined $36.7 billion investment firm Holocene in March 2022, according to his LinkedIn page, with previous stints at Millennium Management and Segantii Capital Management.

Led by Justin Lubell, Global Equities is one of the four fundamental equities strategies at Citadel, which also includes Surveyor Capital, Ashler Capital and International Equities. Overall, Citadel’s equity fund, which includes all four strategies, is up roughly 13% this year through October.

Royce’s hiring follows some other recent additions to Citadel Global Equities, such as its head of trading, Ron Adler, from JPMorgan Chase, and portfolio managers Daniel Beckmann and Bobby Swift, both from hedge fund Point72 Asset Management.

Royce and Holocene did not reply to a Reuters request to comment on the matter. Citadel declined to comment.

(Reporting by Carolina Mandl in New York; editing by Jonathan Oatis)