Wednesday, 26 October 2016
Last updated 51 sec ago
Feb 28 2011 | 11:33am ET
Hedge fund Pine River Capital Management has hired a top Morgan Stanley trader focused on rates trading.
It is unclear what Colin Teichholtz will do precisely at the $1.2 billion firm, based outside of Minneapolis. But he won't be moving to the Twin Cities, instead working for Pine River from New York.
At Morgan Stanley, Teichholtz was co-head of liquid rates trading, overseeing a team specializing in Treasuries, interest-rate swaps, agency debt and government-backed mortgage bonds, Bloomberg News reports.
Teichholtz joined Morgan Stanley in 2003. Before that, he spent a brief stint as a trader at hedge fund Caxton Associates, a post he took up after leaving Goldman Sachs.
Pine River's flagship Nisswa Fixed Income Fund rose 27% through the first 10 months of last year.