Boutique brokerage and research shop United First Partners aims to expand it hedge fund client base with its first office in North America.
UFP already has five staffers at its New York office, including co-founder Michael Hadjedj, and its first strategic partnership, with Goldman Sachs Execution and Clearing.
"It's an exciting time for us," Hadjedj said. "The New York office and expanding sales team will provide United First Partners with the broader platform needed to build on its success to date in the European markets."
In addition to Hadjedj and head trader John Wheelhouse, both of whom have relocated from London, UFP has hired former Bear Stearns and JPMorgan Chase risk-arbitrage specialist Adam Theriault, former Fidelity and Tullett Prebon employee Craig Johnson as a sales trader and Jennifer Donaker, formerly of Thompson Hine, as legal specialist. The firm, which focuses on event-driven, relative value and special-situations strategies, also expects to hire more as it grows.