Oops! It appears that you have disabled your Javascript. In order for you to see this page as it is meant to appear, we ask that you please re-enable your Javascript!

Hedge Funds Raid BNP’s Shuttered Prop Desk Amid Talent Race

BNP Paribas SA’s closure of its proprietary-trading desk has triggered a hiring frenzy for the world’s biggest hedge funds.

Citadel has recruited Mathieu Gaveau, who was head of rates at BNP’s Opera Trading Capital division until it was shut down in January. Paolo Nicolosi, a senior foreign-exchange trader at the unit, has joined Brevan Howard Asset Management, while some of their colleagues have started roles at Capstone Investment Advisors, Capula Investment Management, Eisler Capital and H2O Asset Management...