Amaranth's London Squad Landing On Its Feet - Dealbreaker

Amaranth's London Squad Landing On Its Feet


Speaking of Amaranth, Financial news online reports that at least some of London's Amaranth team is landing on their feet. Of the twenty-six or so employees in the London office, the report estimates that half have left. The head of the London office has found work with a rival hedge fund, which should bode well for the prospects of the more junior staffers. [Note: Despite being called "Ulf Ek," at this time we cannot confirm that the former head of Amaranth London is, in fact, an Orc.]

The five staff to have officially left the London office are: Hai Chen, Ulf Ek, Tuomo Huolman, Harry Sardanis and James Scully.
Ulf Ek, who headed Amaranth’s London office for just over a year, has moved to rival hedge fund Brevan Howard, which will give the Swede a $1m (€800m) signing-on bonus.
Albert Kim, Xunhua Wong and Sujit Sahadevan, who are supposedly among those still working at Amaranth, did not return calls.
Separately, Bloomberg reports that Ospraie Management, a $4bn New York-based commodities hedge fund, has hired Scott Kerson from Amaranth as a quantitative analyst. Kerson will start next month, according to a spokesman at Ospraie.

Five more exit Amaranth in London