Eight Quit Man AHL

Jul 28 2010 | 12:56pm ET

The Man Group’s flagship AHL strategy has seen eight employees, including its lead algorithmic trading technologist and an academic hedge fund-replication specialist, leave the firm.

Chetan Kotwal, the technologist, and Helder Palaro, the hedge fund-replication expert, have both left Man, Financial News reports. Another academic, Harry Kat, has also left, along with five other more junior employees: researchers Yochen Maydt and Steven Piron, traders Tom Ryan and Rebecca Aston, analyst Will England and algorithmic trading systems developer.

A Man spokesman told FN that the exits are nothing to worry about. None of the eight were among the eight key people identified by Man in its Sept. 30 results.

“It is natural to see a few people moving jobs after bonus time,” the spokesman said.

Indeed, FN speculates that unhappiness with 2009 bonus payments at AHL, which lost 16.9% last year.

Still, Man says it “continues to expand its team and has recently made a number of exciting new hires.” Four people joined in the second quarter, and 10 others are set to join AGL in the coming months.

Kotwal has become a director in European flow trading technology at Barclays Capital.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR