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 [FinancialNewsOnline]