Kevin Hite joined hedge fund-of-funds manager Citadel Alternative Asset Management as a senior analyst focused on equity hedge funds. Mr. Hite reports to Jon Venetos, president of CAAM, which manages $500 million in assets. The position is part of the new firms staff expansion, said Bryan Locke, vice president of marketing and investor relations at parent company Citadel Investment Group.
Mr. Hite was director and senior analyst for long/short equity hedge fund managers in the New York office of UBS global wealth management and business banking unit. Kris Kagel, a UBS spokesman, said Mr. Hites duties have been assumed by others on his team.