People Moves

The Managed Funds Association has added a British hedge fund manager to its board as the primarily U.S. lobby group casts its eye across the Atlantic.

JPMorgan Chase has set up a new alternative investments unit within its asset management division and has begun transferring its proprietary traders to the new business.

Avenue Capital Group has jumped into the sweepstakes to lure Goldman Sachs’ top proprietary traders.

Occitan Capital Partners, founded this summer by former Goldman Sachs traders Herve Gallon and Thomas de Gardiel-Thoron, has hired John Candillier as CEO.

Citadel Investment Group’s hedge fund administration unit has named a former head of Citigroup’s Singapore prime brokerage to lead its international sales effort.

The transformation of private equity firm 3i Group continued today with the London-based firm’s acquisition of Mizuho Financial Group’s debt-management unit.

A former GLG Partners Middle East and North Africa manager has joined Charlemagne Capital.

Having lost the bulk of its assets to redemptions, DragonBack Capital has liquidated its two hedge funds and rebuilt itself as a hedge fund platform.

The Hong Kong-based firm returned what was left in its Asia-Pacific Multistrategy and VolAsia funds last month, CEO Robert Lance said. DragonBack has also parted ways with its investment team, including co-founder and chief investment officer Matthew Barnett.

A top proprietary trader and his team are leaving Credit Suisse to found a hedge fund just months after the U.S. passed a law banning prop. trading.

For Matt Stefan, a short stint as co-head of Amundi Alternative Investments was apparently enough.