Tanya Styblo Beder has given up her post as managing director of the $12 billion Caxton Associates to head up Citigroup's proprietary Tribeca Investments platform starting in mid-May. Beder will help turn Tribeca, which is currently running only proprietary money, into a multi-strategy hedge fund that will serve as Citigroup's flagship hedge fund product.
Beder plans to hire dozens of traders for the initiative, which will include trading centers in the U.S., Europe, and Asia. Tribeca will trade a variety of different instruments, including equities, liquid futures contracts, fixed-income instruments and currencies. Her arrival follows the departure of Alan