Friday, May 17, 2013

UBS hedge fund traders go to Millennium, BlueCrest and Tudor




According to Bloomberg: UBS O'Connor, the $5.7 billion hedge-fund unit within Switzerland's biggest bank, has lost at least six equity traders this year to Millennium Management, BlueCrest Capital Management and Tudor Investment, three people with knowledge of the matter said.

Felipe Cruz, Arnaud Langlois and Mark Napp have left to join the U.K. unit of Millennium, a New York hedge-fund firm with $17.8 billion of assets, said the people, who asked not to be identified because the departures haven't been publicly announced. Bernard Ahkong and Rabin Tambyraja will join BlueCrest, which oversees $35 billion, the people said. Jason Randolph started working at Greenwich-based Tudor this week, one of the people said….

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