Schonfeld Hires Citadel CFO to Share Presidency Because One Andrew Wasn't Enough
KEY POINTS
- â˘Schonfeld Strategic Advisors hired Citadel CFO Andrew Philipp as co-president in September 2026.
- â˘Philipp, 43, will share leadership duties with Andrew Fishman, 66, Schonfeldâs president since 2004.
- â˘The $17 billion fund aims to compete with Millennium and Citadel after recent setbacks.
- â˘This executive shuffle follows other new hires from BlueCrest and Goldman Sachs to enhance senior leadership.
In a dazzling double-Andrew dance, Schonfeld Strategic Advisors announced that Andrew Philipp, age 43 and former Citadel CFO, will become co-president alongside longtime Schonfeld prez Andrew Fishman, age 66, starting in September 2026. CEO Ryan Tolkin penned a Sunday evening memo brimming with corporate jargon about 'scaling strategically' and 'acting as an ambassador' â because hedge funds definitely need diplomats. Philippâs Citadel team will temporarily report to COO Gerald Beeson, dĂŠjĂ -vu CFO for 18 years prior. Schonfeld hopes to leapfrog rivals Millennium and Citadel despite 2023âs rough patch, celebrating a 19.7% gain in 2024âs Partners fundâa numeric miracle made sweeter by hiring Michael Grad from BlueCrest and Goldman Sachsâ Tracy Backofen, proving hedge funds really like adding generals named Andrew and Michael for their leadership army.
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Because one Andrew wasnât enough, Schonfeld upgrades hedge fund hierarchy to Andrew & Andrew, proving hedge funds excel at doubling down on confusing collaborations.
Hiring two Andrews to co-run a $17 billion fund is like putting two captains on one ship just to make sure it still sinks in style.
Sure, losing clients in 2023 was bad, but layering leadership with identical first names is Warren Buffetâs new definition of risk management.
Source: Businessinsider | Published: 12/1/2025 | Author: Alex Morrell
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