New Funds Lead Hedge Fund Hiring in March | Hedge Fund Observer
HFObserver reported 163 moves in the month of March, in line with hiring activity so far in 2013.
Hiring in the hedge fund sector remained steady in March, with activity led by several new fund launches.
Paul Sinclair’s newly formed LA-based Blue Jay Capital, the second firm founded by the health care specialist after his first fund shut down in 2012, made five hires in March and newly launched distressed debt firm Eyck Capita, founded by Khing Oei and based in London, also announced five hires.
Among the established funds, BlueCrest Capital was the most active hirer during the month, taking on five investment professionals.
So far during 2013, the most active hirers in the industry have been Millennium Management and Princeton Alpha, a fund founded earlier this year by Shakil Ahmed, former head of an internal hedge fund at Citigroup, followed by SAC Capital and Balyasny Asset Management.
Large banks continued to be the source of the largest number of hires by the alternatives industry. According to HFObserver’s ongoing survey of announced moves, Credit Suisse lost the largest number of alternatives professionals in March with eight alumns of the Swiss bank joining hedge funds, most coming from asset management divisions.
The most active feeders of talent to the alternatives sector/other funds for the first three months of the year were Citigroup, Credit Suisse and SAC.
Casson will also help Steer (pictured) manage the firm’s segregated institutional UK Growth accounts and the Artemis UK Hedge fund. Casson left Henderson after eight years in January 2013, having been director of pan-European equities and managing the and managing the Henderson Horizon Pan-European Alpha fund. Prior to Henderson, Casson held roles at Martin Currie and SVM.
Tony DiCenso and Andreas Hommert joined Citrine Capital Management LLC, a metals hedge-fund company, said founder and Chief Investment Officer Paul Crone.
DiCenso joined New York-based Citrine as an analyst and trader and Hommert is an analyst, Crone said today in an interview in Lausanne, Switzerland. Both previously worked at Touradji Capital Management LP, he said.
Crone started Citrine last year after seven years at Touradji, where he was head trader. Touradji managed $890 million at the end of 2011. Citrine uses exchange-listed derivatives to trade industrial metals, gold and platinum-group metals.
Mariner plans to hire several managers to run various strategies for the Mariner Incubation Fund and will invest an initial $50 million to $100 million in each portfolio, according to a statement today from the New York-based firm