10-07-2025
Ex-Citadel Portfolio Manager Joins Rare $1 Billion Launch Club
A portfolio manager who used to run money at Ken Griffin's hedge fund behemoth Citadel is preparing to launch a new macro fund, joining a rare breed of independent managers starting out with $1 billion or more.
Gilberto Marcheggiano's Agave Capital Management Limited is set to launch within weeks with about $1 billion of assets under management, people with knowledge of the plan said, asking not to be identified as the details aren't public. That sum would put it among the three largest debuts anticipated this year.
