Sun, Oct 23, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Guggenheim prop trade unit announces seven hires, still on the hunt for trade teams

Tuesday, June 14, 2011
Opalesque Industry Update - Just three months after Guggenheim Partners launched a proprietary trading desk unit named Guggenheim Global Trading LLC (GGT), the company announced that it was aggressively hiring. While the firm is currently looking for 20-25 experienced trade groups it has already built a foundation with the announcement of seven new hires in management positions.

Joining the firm as CFO is Michael Carrieri, who previously served as a consultant to Blue Ridge Capital. Also filled were the spots of Director of Operations, CTO, CCO, General Counsel, Chief Risk Officer and Director of Recruiting and Due Diligence.

GGT is also still looking for experienced teams to handle trading in fundamental long/short equity, quantitative long/short equity, long/short credit and event-driven/risk-arbitrage.

When the firm announced the new unit Loren Katzovitz, who along with Patrick Hughs are the Managing Partners leading GGT said that the changing Wall Street landscape spurred the firm to take advantage of opportunities as large banks were being forced to end successful proprietary trade operations due to Dodd Frank regulation.

"Legislative and regulatory changes globally have created a unique timing opportunity with regard to the availability of high-quality traders and trading groups,” added Hughes in a statement. “The launch of GGT however, is not simply about access to talent; we further believe that the reduction in proprietary trading globally, as a result of the new regulatory regime, should ultimately result in wider investment spreads in arbitrage and other strategies.”

The firm’s initial roster of 7 includes alumni from Shumway Capital (Michael Leopardi, Director of Operations), Highbridge Capital Management (Thomas Wynn, CCO), Morgan Stanley (Sheryl Kaye, Director of Recruiting and Due Diligence).

The list of hires announced on Monday are:

  • Michael Carrieri, CFO
  • Michael Leopardi, Director of Operations

  • Santosh Varki, CTO

  • Thomas Wynn, Chief Compliance Officer

  • David Worley, General Counsel

  • Jules Buxbaum, Chief Risk Officer

  • Sheryl Kaye, Director of Recruiting and Due Diligence


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p