Late Lunchtime Links: Brevan Howard hires a senior bank trader with a facetious nickname

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The migration of traders from banks to hedge funds continues. We reported in February that fixed income traders were leaving banks and joining hedge funds like Brevan Howard and BlueCrest. We also reported that many of Morgan Stanley's fixed income bankers had been poorly paid. Today, Financial News reports that one of Morgan Stanley's senior fixed income traders has had enough and joined hedge fund Brevan Howard.

Richard Oliver, a former Morgan Stanley MD and head of short term rates trading for Europe, has left Morgan Stanley for Brevan, says Financial News. Howard has a PhD from Bristol University and is said to be a, "good, profitable, trader." Due to his background in physics, Oliver is reportedly known as 'Astro' among trader-friends.


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