$7.8 billion Schonfeld has hired former Citadel and Balyasny macro head Colin Lancaster and an 11-person team to launch a new division at the hedge fund

During a year-long garden leave after leaving Citadel in 2019, Lancaster wrote a book called “Fed Up!”, which is a fictionalized account of how a macro trader would work during the global pandemic. In an interview with trade publication eFinancialCareers about the book, Lancaster said a macro trader’s job is ultimately to nail down what the future of the world looks like, and find countries or regions that are being overlooked.