Citadel cuts employees after losses: Report

Receading Hedge

Hedge fund Citadel is trimming its staff following the firm's year-to-date losses, according to Dow Jones.

The firm has cut more than a dozen employees, according to The Wall Street Journal , citing a person close to the situation. The source added that Citadel's main fund has fallen 6.5 percent year-to-date.

The Journal reported that the job cuts happened at Surveyor Capital, a division of Citadel. The publication added that Surveyor had roughly 200 employees before this announcement.

Citadel was ranked as one of the top five hedge funds of 2015 by Institutional Investor. The firm's main equities fund was up 17.2 percent in 2015, according to one investor .

Hedge funds as a group had a tough 2015, posting their worst year since 2011, according to investment research firm Eurekahedge.

CNBC has reached out to Citadel for comment.

Read the original report in The Wall Street Journal.

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