James Caird European Credit Chief Wants Out

Apr 19 2010 | 4:54am ET

Iftikhar Ali’s stay at hedge fund James Caird Asset Management will be a short one.

The former head of European and Asian credit arbitrage trading at Bank of America is leaving the London-based hedge fund after just nine months. Ali is currently negotiating his departure from the US$2.4 billion hedge fund, which was spun off from Moore Capital Management in 2008.

Ali is not the only James Caird employee discussing his exit, Financial News reports. At least one other, like Ali a credit trader, is believed to want out.

Ali joined James Caird in June as head of its European credit business.

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