Citadel portfolio manager Matt Wolcott has joined rival multi-strategy hedge fund Jain Global, underscoring continued competition for talent despite divergent performance profiles, according to a report by eFinancial Careers.
Wolcott joined Jain Global last month as a portfolio manager in its commodities team in Houston, after spending four years at Citadel. Prior to that, he worked at Northville Industries as a refined products trader. Jain reportedly declined to comment on the hire.
Jain Global’s commodities business is led by former Macquarie oil trader David Hochberg and was one of the fund’s original seven strategies at launch. The platform has been built with scale in mind, reflecting founder Bobby Jain’s ambition to establish a broad, multi-strategy operation from the outset.
The move comes despite a gap in recent performance: Jain Global returned 3.7% in 2025, its first full year of trading, compared with Citadel’s 10.2% gain over the same period. However, performance varies across teams, and Jain’s commodities strategy may have delivered different results.
