Point72 hired a bond trader from Credit Suisse
Some good news for fixed income traders who find their services unwanted in investment banks: one of London's most desirable 'hedge funds' is hiring.
Point72, the fund founded by veteran hedge fund trader Steve Cohen, just added Mohamed Sofien Ben Ouaghram in London. Ben Ouaghram previously spent nearly two years at Credit Suisse, latterly as a bond trader.
Credit Suisse is needless to say, cutting costs (and staff), while Point72 is hiring. In an interview with us earlier this year, Point 72's head of investment talent development, Jonathan Jones, told us the London office has space for 50-70 people. At that point, it employed 18.
Other Credit Suisse traders and salespeople have gone on to more eclectic careers. Sergio Puglisi, the former co-head of global macro sales for Southern Europe, joined a subdivision of interdealer brokerage firm BGC as head of continental sales and digital strategy two months ago. Massimo Amati, a former executive director in Credit Suisse's macro team, has founded Non Linear Vector, described as 'an incubator for high tech innovation in the cyber security and investment management sectors.' Jimmy Yip, a former VP in Credit Suisse's macro sales business now describes himself as an explorer. And - as we described previously - ex-trader Philip Valori has set up a seating company while former macro sales MD Philippe Katz is still "contemplating."
Steve Cohen is reportedly setting up a new hedge fund in the U.S. called Stamford Harbor Capital. Details of the new venture are available here.
Meanwhile, Dean Catton, a former executive director level credit trader at UBS just joined StormHarbour Securities as an MD and partner.
Photo credit: Hedge Fund Entrance? @adp40 adrianpymphotography.co.uk by Adrian Pym is licensed under CC BY 2.0.