BTG Adds European Credit Trader To Macro Fund

Mar 11 2011 | 11:34am 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: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note