An HSBC M&A analyst just escaped to a new hedge fund
Robert Walker knows how to trade up. Having started his career as a risk analyst (at Barclays) and moved into M&A (at BNP Paribas and HSBC), he's just moved on again and got a job at one of London's new - and small - hedge funds.
Walker just joined Curam Capital Management, a long/short equity fund founded in March this year by Stephen Yang, a former portfolio manager at Man/GLG.
Yang specializes in healthcare stocks, and Walker has an MSc in molecular medicine from London's Imperial College and worked on the healthcare team M&A team at HSBC, so you can see the appeal.
So far, Walker appears to be Yang's only employee. However, Curam Capital only registered with the UK Financial Conduct Authority on July 5th, so there may well be more hires to come.
Event driven hedge funds are having a good 2017 on the back of strong deal-making in Europe. Three new European event driven funds - Kite Lake Capital Management, Everett Capital Advisors and Melqart Asset Management, have substantially increased their assets under management since launching in 2015 and 2016. On this basis. Walker's latest career trade may well turn out to be inspired.
Contact: sbutcher@efinancialcareers.com
Photo credit: Escape by Erik Starck is licensed under CC BY 2.0.