Best rates trading hedge funds
What are the best hedge funds focused on rates trading? I’m curious who the big names are in this space.
It’s interesting the focus that Bluecrest has on rates trading PMs.
What are the best hedge funds focused on rates trading? I’m curious who the big names are in this space.
It’s interesting the focus that Bluecrest has on rates trading PMs.
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Career Resources
Symmetry, Rokos, Bluecrest, Brevan
Some specific pods within citadel / millennium too e.g Diego Megia @Millennium who had several $250m+ p&l years…now spinning out into Taua
what sellside-desks / backgrounds to junior analysts come from at these funds
What was Diego Megia's background before getting to MLP? Not much info on him besides spelling Millennium wrong on his linkedin profile...
Had a large stint at Barclays IB in a treasury role probably making 9 figs, then went to Citadel for a couple of years before going to MLP
Misspelling MLP is a hard flex. Man's a beast.
What is the full name of Symmetry?
Bluecrest, Rokos, Capula, Brevan, Millennium, Citadel, LMR
Depends on the style.
RV: Capula, Symmetry, LMR, Mariner, Garda, Welwing, FI groups in MLP & Citadel
Macro: BlueCrest, Rokos, Brevan, Caxton, Element (say what you want about Jeff but lots of good rates PMs there)
What’s wrong with Jeff? Also didn’t they convert to a family office recently?
Nothing on the personal side, just poor performance for the last few years so people have been slagging him off. Honestly, I don't blame him for disappointing returns in 21 and 23 - tough environments for macro - but losing money in 2022 when seemingly every common macro trade made money was a bit eye-opening given how successful he'd been for years. I don't think they've fully converted to a family office yet, but that's probably not too far away; so much easier to manage money when it's just your capital and you don't have to worry about sitting across from investors.
I don't know as much about RV so can't really opine on that, but your list for Macro looks pretty spot on. I would also probably add Citadel + ExodusPoint to that list as well given some of the people there. And then as is always the case, you are going to find some teams with talented rates traders at many of the other platforms even if it is not the firm's core focus / DNA in the same way it is at a place like Citadel.
Edit to add one comment: Just wanted to stress how incredibly good Citadel is in the space. I don't / nor have I ever worked there, but I am always amazed at how many people they have who find ways to put up massive $$$ year in / year out.
This guy knows what he's talking about for RV funds pulling out Welwing...
OP is a clown asking what the best funds are for merger arb, convert arb, rates.
Why? Don’t you have analyst work to go do?
Yes “bro” im sorry
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