Financial Times FT.com

Hedge funds hit troubled banks with a hiring binge

By James Mackintosh and Chris Hughes

Published: July 8 2008 03:00 | Last updated: July 8 2008 03:00

The biggest hedge funds are on a hiring binge, taking advantage of cutbacks at investment banks to recruit star traders, senior executives and whole teams to help them expand.

Yesterday Goldman Sachs lost Driss Ben-Brahim, one of its top traders, to GLG Partners, London's second-biggest hedge fund. This follows high-level recruitment from banks by Citadel, Tudor Investment, CQS and other well-known funds.

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