Caxton Said to Hire Barclays’s Quinn as Corporate Credit Manager
Quinn, 34, was most recently a managing director in credit trading at Barclays Capital in New York, where he traded the CDX Investment Grade index and credit-default swaps tied to the debt of auto companies. He previously co-headed U.S. high-grade trading at the investment-banking division of London-based Barclays.
Quinn will start at New York-based Caxton in a month, said the people, who asked not to be named because the hiring wasn’t announced. He will join Peter Agnes, who headed Barclays’s credit opportunities group before leaving to join the hedge fund in April 2011. Agnes was planning to hire additional investment professionals for Caxton, including a Barclays associate, according to people with knowledge of the move at the time.
Chris Mittendorf, a spokesman for Caxton, and Kristin Friel, a spokeswoman for Barclays, declined comment.
Quinn, who graduated from Cornell University in 2000, joined Barclays in 2008 from Lehman Brothers Holdings Inc., where he headed the U.S. high-grade flow desk.
Investment-grade debt in the U.S. had its best two-month start to a year since 2001, returning 3.1 percent in January and February, according to Bank of America Merrill Lynch index data. It has lost 1.4 percent this month.
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