Citadel Investment Group will hire senior executive Nick Taylor away from Credit Suisse, Reuters reported, citing a source familiar with the $20 billion hedge fund group's plans. Mr Taylor, who ran Modal Capital Partners, one of Credit Suisse's in-house hedge funds, will be the latest in a string of executives who have left big banks to join the Chicago-based fund firm. Citadel and Credit Suisse declined to comment. Last month Citadel said Patrik Edsparr, former head of fixed income at JPMorgan, would join the hedge fund to run its European division this summer. Citadel has long been an attractive place to work for former bankers. The pull may be even stronger now that many hedge funds are considered to be financially sounder than many large banks that face problems from the credit crisis, Reuters said. Meanwhile, the hedge fund world is speculating about the future plans of a top-performing manager at GLG Partners, Greg Coffey, who unexpectedly resigned this week but who is now in talks with the London fund over his “options” for the future, according to the Financial Times and other media reports. GLG is listed in New York. Mr Coffey is responsible for $7 billion of GLG's $25 billion in assets under management. And as if to demonstrate how star hedge fund managers can earn massive sums if their investment bets succeed, John Paulson, a US hedge fund manager, earned $3.7 billion in 2007, ahead of industry legend George Soros and 2006's highest-paid manager James Simons, according to Alpha Magazine. Mr Paulson, whose bet that investment grade mortgage bonds would be subject to default in record numbers came good in the subprime meltdown last summer, was one of five managers earning more than $1 billion.