Check Out This New All-Star Hedge Fund That Absolutely Loves Paul Volcker

dennis davitt

Photo: TM

New York Securities admits that they were only able to hire the 19* high-calibre traders you’re about to meet because of Paul Volcker.”We are getting a big influx of traders coming out of banks, primarily because of the Volcker rule,” Joseph Schenk, the former CFO of Jefferies and now chief of New York Securities, told the Wall Street Journal.

Lucky for them, because the new hires are veritable smorgasbord of major bank and top-class hedge fund vets from SAC, Galleon, Soros Fund Management and Balyasny.

The new head of options trading, Dennis Davitt, for example, was the U.S head of derivatives trading at Credit Suisse. Another Credit Suisse recruit, Alain Delelis, previously headed up spot and prop trading at the bank.

And a total of four additions were snapped up from the prop trading desk at BofA that is managed by former Merrill fixed-income head David Sobotka. Sobotka’s team lost portfolio manager Troy Setrakian, London-based equity portfolio manager Adam Abraham, New-York based bond manager Roland Clough and Robert May, a New-York based stock trader.

* 19 of the 40 traders they plan to hire, in case anyone’s interested.

Dennis Davitt (Formerly of Credit Suisse)

Davitt has been named head of Options Trading and will be focused primarily on Equities. He spent the last 10 years at Credit Suisse as US Head of Derivatives trading, and before that was a Senior Trader at Wolverine Trading in Chicago.

Source: PR Newswire

Bill Brindise (Formerly of BES Capital, SHK Management)

Brindise will join as an Energy Trader in the Commodities Group. He previously Head Energy Trader at BES Capital and SHK Management, and is from New Jersey.

Source: PR Newswire

Patrick Clavin (Formerly of Morgan Stanley and Greenwich Investments)

Clavin joins as a Trader in Equities. He is a founder of Pandion Capital, was CFO at Greenwich Investment Partners and in fixed income at Morgan Stanley.

He is a Boston College grad and was a wrestler, soccer player and cheerleader in high school.

Source: PR Newswire

Alain Delelis (Formerly of Credit Suisse, BofA and Deutsche)

Delelis joins as a trader on the Macro Rates/FX desk with a focus on Foreign Exchange. He was previously the Global Head of Spot & Prop Trading at Credit Suisse and also worked for BofA, Deutsche Bank and Vega Asset Management.

Source: PR Newswire

Michael Conway (Formerly of Bear Stearns and GFI)

Conway led the Asian equity business at GFI and before that was a senior MD and global head of Asian sales and trading at Bear Stearns.

Source: PR Newswire

Gary Meselsohn (Formerly of Citi and Knight Securities)

Meselsohn joins as a trader in Equities. He previously worked at BTIG, Citigroup and Knight Securities.

Source: PR Newswire

Eddie Sanchez (Formerly of Galleon, Citi and Credit Suisse)

Sanchez will be a trader and Portfolio Manager for NYS. He has previously worked at Credit Suisse, Galleon Group, Citigroup Investments and ES Advisors.

Source: PR Newswire

Macquarie trading duo Steve Sevier and Brian Donlin

Steve Sevier joins as a Trader on the Options Desk. He previously worked at Macquarie Capital and PricewaterhouseCoopers. He likes U2.

Brian Donlin joins as a Trader on the Options Desk. He is also a Macquarie Capital alum, and prior to that worked for Fox-Pitt Kelton and LaBranche Structured Products. He's an NYU grad.

Source: PR Newswire

Ben Cohen (Formerly of Goldman Sachs and Jefferies)

Cohen joins as a trader on the Options Desk. He previously was a Portfolio Manager at Toro Trading and BAM Capital, prior to that he was with Jefferies and Goldman Sachs.

Source: PR Newswire

Bob Farrell (Formerly of Morgan Stanley and Soros Fund Management)

Bob Farrell was the former Senior Head Hedge Fund Manager for Soros Fund Management. He'll join as a trader on the Macro Rates desk. He was most recently a Portfolio Manager at Morgan Stanley and also worked for Countrywide Capital Markets, AFG and Bankers Trust.

Source: PR Newswire

Bank of America trading team Troy Setrakian, Adam Abraham, Roland Clough, Robert May

Troy Setrakian joins as a trader and Portfolio Manager in Equities. Most recently, he served as a Director or Global Prop Trading Equities at BofA.

Roland Clough joins as a trader on the Macro Rates/FX desk with a focus on Latin America.

Robert May, a New-York based stock trader, previously worked as an equity trader for Tiger.

London-based equity portfolio manager Adam Abraham.

Source: PR Newswire

Renee Bijlani, CFA (Formerly of Citi and Graham Capital)

So far the only female recruit, Renee Bijlani joins as a trader in equities. She previously worked as a Portfolio Manager at Graham Capital Management and also worked as an analyst for Forest Investment Management, Susquehanna and Citi.

She's a University of Chicago grad.

Source: PR Newswire

Ken Lissak (Formerly of SAC Capital)

Lissak joins as a trader in Equities. Most recently he was a partner at AmTech Capital, and also worked for LRL Capital, Kadem Capital and SAC Capital.

He was described in an SEC filing as 'highly successful S.A.C. traders and senior Cohen lieutenants.'

Source: PR Newswire

New York Securities is one of the MANY hedge funds that launched this year...

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