It’s been a busy few weeks at JPMorgan Chase, as a couple of hedge funds take advantage of a revolving door at the banking giant.
Following Connecticut hedge fund Gramercy’s nabbing of Jeffrey Grills and Gunter Heiland, Threadneedle Asset Management has hired Nicholas Robin to co-manage its new UCITS III-compliant Enhanced Commodities Fund. Robin was head of commodity index swaps at JPMorgan and formerly worked at Paris hedge fund Barep Asset Management, Citywire reports.
JPMorgan last month also lost Adrian Valenzuela, its global derivatives sales manager. Valenzuela had joined the bank from Merrill Lynch’s Alpha Strategies group and formerly worked at WMG Advisors.
The revolving door at JPMorgan, however, goes both ways. The bank has added former Barclays Capital equity derivatives hedge fund sales chief Laurent Ichard as head of European equity derivatives flow sales. Ichard comes to JPMorgan from Nomura.
JPMorgan has also replaced Valenzuela with a hedge fund veteran, promoting former Citadel Investment Group partner Tim Throsby to take his place. Throsby joined JPMorgan in March.