Bear Stearns exodus continues

The hiring spree of senior Bear Stearns employees in the wake of the bank’s takeover by JP Morgan has continued as both Tudor Investment and Broadpoint Capital have hired Bear alumni to start new groups, and investment banks Moelis and Deutsche Bank have also announced hires.

At Tudor, Gregory Hanley and Alan Mintz, who were co-heads of the distressed debt group at Bear Stearns, will start a new investment management unit focused on credit-related strategies.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire