Redhedge hires former JPMorgan macro credit chief
London hedge fund Redhedge Asset Management has appointed former JPMorgan Chase global investment-grade and macro credit trading co-head Pierre Morel as a lead portfolio manager, according to a report by Bloomberg.
Hedge fund Redhedge Asset Management has appointed Pierre Morel, a former JPMorgan Chase global investment-grade and macro credit trading co-head, as a lead portfolio manager, according to a report by Bloomberg. Morel will report directly to Redhedge's chief executive, Andrea Seminara, and will be responsible for helping develop the business and supporting recruitment across front-office investment roles.
Morel's career at JPMorgan focused on global credit markets, with experience in market-making in single-name credit default swaps and trading subordinated bank debt. He left JPMorgan around a year ago, reportedly preparing to retire after Nick Adragna took over leadership of the bank's global investment-grade and macro credit trading business.
Morel's move to Redhedge represents a return to the hedge fund industry after a lengthy career on the sell side.
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