Tuesday, 3 March 2015
Last updated 3 hours ago
Mar 28 2013 | 9:17am ET
Once again, a bank's loss is a hedge fund's gain, as BlueCrest Capital Management and Tilden Park Capital Management have snatched two traders from a shuttered Deutsche Bank proprietary-trading desk.
Mortgage-debt trader John Roach has joined BlueCrest and Michael Boyle, a commercial mortgage securities trader, Tilden Park, Bloomberg News reports. Both worked at a prop. desk that Deutsche Bank closed last month to come into compliance with new U.S. and European banking regulations.
At BlueCrest, Roach joins Matt Siravo, who joined the hedge fund from Deutsche Bank last month, and credit trader Stefano Galiani, who joined last year.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…