Pine River Adds Morgan Stanley's Teichholtz

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.


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The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.