Ex-James Caird, Millennium Trader To Observatory

Sep 14 2011 | 12:02pm ET

For the second time in little more than a year, Iftikhar Ali is on the move.

The former Bank of America trader has joined credit hedge fund Observatory Capital Management. He will focus on emerging markets for the Brummer & Partners-backed firm's Credit Markets Fund, Financial News reports.

Before starting at London-based Observatory on Monday, Ali was a fixed-income portfolio manager at Millennium Capital Partners. He spent just over a year at that firm, having joined it in May of last year after leaving James Caird Asset Management. Like his tenure at Millennium, Ali's stay at James Caird was a short one—he left after just 10 months, reportedly over a compensation dispute.

Observatory manages more than US$900 million, including on behalf of Brummer, which added the firm to its platform early last year.

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