BTG Adds European Credit Trader To Macro Fund

Mar 11 2011 | 12:34pm ET

Brazilian investment bank BTG Pactual has beefed up its flagship global macro hedge fund with the hire of a European credit trader.

Ben Rick joins the firm as a partner. He'll work on BTG's Global Emerging Market and Macro fund, the firm said.

"European credit situations offer compelling trading opportunities to complement those in emerging markets," Antoine Estier, managing partner, said. "Ben, who is bringing part of his previous team with him, including trading, research and IT development, will be invaluable as we continue to grow our asset management business internationally, and increasingly add new global alternative asset management products."

Rick was formerly head of Bank of America Merrill Lynch's proprietary credit trading desk. The bank shuttered that operation at the end of last year as it moves to come into compliance with new U.S. regulations.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of