Six Leave UBS For BlueCrest, Millennium, Tudor

May 17 2013 | 10:47am ET

UBS' hedge fund unit is bleeding traders.

UBS O'Connor has lost at least six stock traders this year, Bloomberg News reports. Some have moved on to other prominent hedge funds.

Three—Felipe Cruz, Arnaud Langlois and Mark Napp—have joined Millennium Management in London. Two others, Bernard Ahkong and Rabin Tambryaha, have moved to BlueCredt Capital Management, and Jason Randolph is now at Tudor Investment Corp.

All six were portfolio managers at UBS O'Connor.

"O'Connor has approximately 90 front-office investment professionals, and like most hedge funds will have departures and new joiners in any given year," UBS spokesman Ollie Gadney told Bloomberg.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of