Thursday, 3 September 2015
Last updated 12 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…