New York-based hedge fund firm Highbridge Capital Management has recruited a portfolio manager from Claren Road Asset Management.
The New York Times reported that John Aylward is leaving Claren to join Highbridge’s London office, where he will manage a credit strategy portfolio, in the next several weeks.
Aylward began working at Claren, which is a division of hedge fund and private equity firm The Carlyle Group, in 2010. Prior to that, he was the head of high-yield trading in Europe for Deutsche Bank.
According to an eVestment article from last month, Highbridge lured two SAC Capital Advisors portfolio managers to manage money for its stock trading funds. A slew of portfolio managers have been leaving Connecticut-based SAC Capital, run by Steve Cohen, as it transitions into a family office following its guilty plea to insider trading last November.
Highbridge, which is owned by JPMorgan Chase, is one of the world’s largest hedge fund firms with about $29 billion in assets under management. Its London office manages between 20% to 25% of the firm’s total assets.