Former Goldman Trader Reid Said to Join Hedge Fund Capulaby and
Reid has joined the hedge-fund firm as a portfolio manager, the person said, asking not to be identified because he’s not authorized to speak on the matter. Reid and a spokesman for Capula declined to comment.
Reid traded indexes of credit-default swaps at Goldman Sachs after joining the U.S. lender from BNP Paribas SA in 2012. He left Goldman Sachs last month, people familiar with the matter said in February.
Started in 2005, Capula manages global fixed-income hedge funds. Goldman Sachs’s Petershill fund bought a stake in Capula in 2008.
Traders employed by banks are increasingly leaving to join hedge funds and other asset managers as regulatory changes since the financial crisis force lenders to curtail risk-taking with their own capital.
Goldman Sachs Asset Management LP said in January it hired Paolo Nicolosi, the former co-head of BNP Paribas’s proprietary trading business in London, as a managing director in its fixed-income and currency unit. During the same month, London-based hedge-fund firm Silver Ridge Asset Management said it hired former Barclays Plc executive Jean-David Aube and Paul Murray, who previously worked at Citigroup Inc.