Jacob “Jake” Walthour will join Citadel Investment Group next week as managing director and head of U.S. distribution for its Citadel Asset Management subsidiary.
Mr. Walthour is replacing James Barrett, who left the firm in December, although Mr. Walthour will focus largely on institutional investors, spokeswoman Katie Spring said. “Jake's skill set fits exactly the profile we were looking for,” she said.
Mr. Walthour will be based in Citadel's New York office.
He was principal and head of advisory services for the Americas at Aksia, a hedge fund consulting firm. He also had been an institutional marketer for Quellos Group (now part of BlackRock), Aetos Capital and Moore Capital Management, all hedge fund and hedge fund-of-fund firms.
“After visiting north of 250 hedge funds over the past few years, I have a good idea of the kind of firm that is ideal for institutional investors, and Citadel is one of those firms,” Mr. Walthour said in an interview. He cited Citadel's personnel depth, the high quality of investment and technology teams as well as the depth of financial resources as reasons why he took the job and why the firm likely will appeal to institutional investors.
Mr. Walthour announced his departure from Aksia in December. Jim Vos, Aksia principal, CEO and head of research, said at the time that the firm would search for a replacement. Mr. Vos was not available for an update as of press time.