Two Interest-Rate Traders Join $8.5B Hedge Fund
Two interest-rate traders from Nomura Holdings Inc. joined MKP Capital Management LLC, the $8.5 billion hedge-fund manager that invests in global macro and credit strategies, as hedge funds anticipate a divergence in global central bank policies.
Vivek
Sahay and Lee Berkowitz will join New York-based MKP in July as money
managers focusing on global interest-rate markets, according to a person
familiar with the matter, who asked not to be named because the
information is private. Katherine Plavan, a spokeswoman for MKP,
declined to comment on the appointments.
Sahay
and Berkowitz, who had been at Nomura since 2009, left their roles as
money managers in the past several weeks, the person said. They
previously worked together at Citigroup Inc., where Sahay was executive
director and Berkowitz an associate.
MKP
hired the two to capitalize on opportunities in global rates trading as
hedge funds including Paul Tudor Jones’ Tudor Investment Corp. and
Mariner Investment Group LLC have forecast divergence in monetary
policies as some economies grow faster than others. Jones said in May
that macroeconomic investing needs “central bank Viagra” because
interest rates have stayed low for such a long period.
Source: Bloomberg
