Quantitative Research Analyst – University Graduate

Chris Foster leaves Citadel after $2B gas crisis trading profits. 2026-09-03 11:43:26 Chris Foster, the senior portfolio manager whose London-based team generated approximately $2 billion in trading profits during Europe's energy crisis, is leaving Ken Griffin's Citadel. Foster's aggressive positioning in European natural gas markets during 2022, when Russia's invasion of Ukraine sent energy prices into convulsions, helped Citadel surpass Bridgewater Associates to become the most profitable hedge fund of all time. His departure comes as European natural gas markets have normalized from the panic-driven extremes of 2022, with prices stabilized and the continent having diversified supply sources away from Russian pipeline gas. Foster's team generated $2 billion from 2022 gas crisis. Foster's team accounted for approximately $2 billion of the roughly $8 billion in total profits that Citadel's commodities division generated in 2022. The $8 billion haul was instrumental in pushing Citadel past Bridgewater Associates to become the most profitable hedge fund of all time, a title Ray Dalio's firm had held for years. When Russia curtailed natural gas flows to Europe, prices whipsawed violently. Foster's team, operating out of Citadel's London office, was positioned to capitalize on those moves. Returns across Citadel's commodities business started to come back to earth in 2023 and into 2024 and 2025. Citadel acquired Paloma assets for $1 billion in March 2025. In March 2025, Citadel completed the acquisition of Paloma Natural Gas assets in the Haynesville Shale for approximately $1 billion. The acquired assets were subsequently rebranded as Apex Natural Gas, giving Citadel a direct foothold in US natural gas production. Foster donated £25 million to Oxford college before exit. Foster made headlines by donating £25 million to Mansfield College at Oxford University, his alma mater. The gift was reported as the largest single donation in the college's roughly 200-year history. Faq. What profits did Chris Foster's team generate at Citadel during the 2022 energy crisis? Chris Foster's team generated approximately $2 billion in trading profits during 2022, which accounted for a significant portion of Citadel's commodities division's total $8 billion profit that year. The team capitalized on volatile European natural gas markets when Russia curtailed gas flows to Europe following its invasion of Ukraine. What natural gas assets did Citadel acquire in March 2025? In March 2025, Citadel completed the acquisition of Paloma Natural Gas assets in the Haynesville Shale for approximately $1 billion. The acquired assets were rebranded as Apex Natural Gas, providing Citadel with direct ownership in US natural gas production operations. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Citadel is seeking court orders to compel two senior Marshall Wace executives to provide communications regarding the recruitment of Dan Shatz, a former Citadel credit portfolio manager. Shatz joined Marshall Wace as global head of credit in late 2024. Citadel alleges that Marshall Wace partner Anthony Clarke and co-portfolio manager Alan Hofmeyr were heavily involved in recruiting Shatz and met him in London during his noncompete period. The firm claims Marshall Wace has produced limited communications since a June court order. The dispute stems from an arbitration battle between Shatz and Citadel, where he worked until summer 2023. Shatz claims he is owed a "significant eight-figure" amount after raising internal concerns about potential securities violations. Citadel alleges Shatz violated his noncompete agreement. Marshall Wace declined to comment.

Hedge fund Citadel hired Citi's psychotherapist for its expanding array of in-house health clinics. 4 hours ago Eva Churchill If you fall ill at a large investment bank, you are in the right place. There is no need to leave the building and it is not necessary to take to your bed. You can simply visit the onsite clinic where your mental and physical health needs will be catered for before you return to your desk. Banks have this approach, and now hedge funds are hiring physicians too. As big hedge funds become big institutions like banks, they are getting onboard with the integrated health approach. Or at least Citadel is. Citadel has hired Eva Churchill, who spent nearly nine years working as an in-house psychotherapist at Citi in New York. Now she will be offering therapy part-time at Citadel instead. Churchill is not Citadel's only health-related hire. It has also hired various nurses and medics to work with its new chief medical officer Dr. David Stark, who joined from Morgan Stanley last September. Stark, who is a medical doctor with a PhD in "biomedical informatics" can be found at Citadel's New York office, but Citadel also has a new clinic for its people in Miami. The two clinics started out catering for physical health but are offering mental health services and coaching too. Citadel declined to comment. Being a portfolio manager at a hedge fund is not always easy. Speaking in 2023, Will England, the CEO of Walleye, described the role as psychologically challenging, "because you're going to be wrong basically just as much as you're going to be right." Follow me on X. Follow me on LinkedIn. Have a confidential story, tip, or comment you'd like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Signal: sarahbutcher.22 Click here to fill in our anonymous form, or email [email protected]. Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate. The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits. Boost your career. Find thousands of job opportunities by signing up to eFinancialCareers today.