Arrowgrass’s Head of European Credit Said to Leave Hedge Fund

Arrowgrass Capital Partners LLP’s credit team just got smaller, according to three people familiar with the matter.

Mark Conway, head of European credit, trader Robert Weir and analyst Pareejat Singhal have left the $4.8 billion hedge fund, said the people, who asked not to be identified because the information is private. Conway joined the hedge fund in 2012, while Weir and Singhal became employees last year, according to their registrations with the U.K.’s Financial Conduct Authority.

Nick Lord, a spokesman for the firm, declined to comment on the departures or the firm’s strategy. Conway, Weir and Singhal declined to comment on their departures.

Arrowgrass was started by Henry Kenner and other former Deutsche Bank traders after they left the Frankfurt-based lender in 2008. The company says it focuses on event-driven investing, targeting price inefficiencies that occur around mergers and other restructurings.

All three former Arrowgrass employees previously worked at CQS, the London hedge-fund firm founded by Michael Hintze, who was a former convertible-bond trader at Credit Suisse Group AG.

Conway spent more than six years at CQS, according to his FCA registration. He also previously worked as a convertible bond analyst at Credit Suisse.

Weir worked at CQS between 2004 and 2008, and moved to Arrowgrass in September after previously working at Merlin Partners LLP, his FCA registration shows. Singhal joined from CQS in July before departing in February.

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