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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…