Man GLG Hires Money Managers Hill, Lynch From Moore Capitalby
Hill and Lynch have joined the GLG unit of Man Group that uses fundamental analysis to bet across asset classes, according to a spokeswoman for the firm. They have joined GLG’s long-short investing team that wagers on rising and falling share prices.
Both had joined Louis Bacon’s Moore Capital in 2014 from Citigroup Inc., part of a trend that has seen traders move to manage money for hedge funds as regulatory changes since the 2008 financial crisis force banks to curtail risk-taking using their own capital.
Hill was co-head of equity derivatives trading for Citigroup in Europe, the Middle East and Africa until July 2014. Lynch left his job as global head of centralized risk trading at Citigroup in London to join Moore.
Man Group managed $76.8 billion in assets at the end of September and has hired more than half a dozen fund managers in the last two years, including former Perry Capital Managing Partner Himanshu Gulati as head of U.S. distressed credit, Rory Powe, who previously ran his own hedge-fund firm Powe Capital Management, and Pierre-Henri Flamand, a former Goldman Sachs Group Inc. proprietary trader.