Skip to main content

Man Group Departures Not So Unfounded

  • Author:
  • Updated:

As we mentioned last week, in the wake of the GLG buy, things are not looking so good inside Man Group. Redemptions are "mounting," bonus outlook is bad to very bad and employees are making a dash for the exits. Today Financial Newsconfirms the departures of 8 of the 15 front office employees who've taken off.

Chetan Kotwal, who was an algorithmic trading systems analyst at AHL, has joined Barclays Capital as a director in European flow trading technology, according to a person familiar with the situation. Barclays declined to comment.

Dr Helder Palaro, an academic who pioneered a hedge fund replication method with Dr Harry Kat, has also left, according to a person familiar with the situation.

Other more junior departures are Yochen Maydt and Steven Piron who worked in research, Tom Ryan and Rebecca Aston, both traders; Will England, an analyst; and Tobias Brandt, an algorithmic trading systems developer.

8 People Leave Man Group [eF]


By Apdency (Own work) [CC0], via Wikimedia Commons

Man Group Gives Up

The quantitative hedge fund of the past throws in the towel on the quantitative hedge funds of the future.

Culture Clash Coming at GLG-Man Group?

GLG founder Pierre Lagrange is mates with Brad PItt, an executive producer on Nicholas Cage’s new flick “Kick Ass” and he’s got rockstar locks of hair. But that kind of flamboyance may not fit hand in glove with the button-down culture of GLG’s new owner, Man Group.

The GLG-ification of Man Group Is Nearly Complete

It sure was clever of GLG Partners' to get Man Group to pay $1.6 billion for the pleasure of being conquered from within.