Hedge Funds

Citadel sues three former employees


Citadel Investment Group isn’t taking the sudden competition from a trio of its former employees lightly. Citadel has filed a lawsuit against Misha Malyshev, Jace Kohlmeier and Matthew Hinerfeld, alleging that the group violated non-compete agreements they had with the firm by forming their own trading company, Chicago-based Teza Technologies.

The lawsuit, which names the three former Citadel employees as defendants, was filed earlier this week in an Illinois circuit court along with a request from Citadel for an expedited hearing of the matter. According to documents, Citadel alleges that the activities of Teza Technologies could cause permanent