Ex-Citadel exec eyes $1bn for new hedge fund

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A new fund set to be launched by Todd Barker, the former head of the Surveyor Capital unit at Ken Griffin's Citadel, is expected to raise over $1 billion making it one of the largest launches of the year, according to a report by Bloomberg.

The report cites unnamed sources as saying that Freestone Grove Partners, which is aiming to launch late this year with a focus on stocks across sectors, will be a multi-manager equity fund employing a market neutral strategy.

Barker, 44, spent 16 years at Citadel where he was a member of the firm's portfolio committee and ran Surveyor, an equities trading unit, for five years before leaving in 2021. 

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