Fulcrum Head Trader Out

Jan 14 2013 | 1:58am ET

Quantitative hedge fund Fulcrum Asset Management is ringing in the new year with a  new head trader.

James Horrocks has left the US$1.4 billion firm. CEO Andrew Stevens told Bloomberg News that London-based Fulcrum has found a new trading chief and will announce the hire in due course.

Horrocks, who resigned on Dec. 31, spent four years at Fulcrum. He joined the firm in 2008 after five years at the Man Group, where he managed statistical arbitrage strategies. The former JPMorgan Chase and Société Générale banker is moving to South Africa, Stevens said.

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