UBS O'Connor Hires Seven PMs, Taps Talent From Top Global Hedge Funds

Swiss bank UBS Group is strengthening its UBS O’Connor unit by hiring portfolio managers from some of the best-known hedge fund firms in the world, including Point72 Asset Management, Citadel’s Surveyor and GLG Partners.

The seven new hires will work from UBS offices in New York, London, and Chicago, according to the company. 

Former Point72 Asset Management executive Erin Browne will join the firm in New York and focus on macro-themed investments, while Surveyor Capital’s Ryan Stephens comes aboard to work on financial company stocks in Chicago.

Anthony Burton, formerly with GLG Partners, and Phil Pearson will manage an equity strategy out of London focused on technology, media and telecommunications (TMT) stocks. They are joined in the London office by Paul Findlay, who joins as a portfolio manager and European generalist, the company said.

Andrew Hamerling and James Moynihan join Browne in New York as portfolio managers, also running an equity long/short TMT strategy.

"With the hedge fund industry currently under pressure, O'Connor – with its differentiated risk management culture and multi-strategy approach – is strongly situated to capitalize on this to make strategic hires,” said Dawn Fitzpatrick, group managing director and global head of equities, multi-asset, and O'Connor at UBS Asset Management.

“We believe the addition of these new hires enhance and strengthen O'Connor's offering and demonstrates our continued commitment to delivering best-in-class investment expertise and experience," she added.

UBS O'Connor is the multi-strategy hedge fund unit of Swiss bank UBS. It had $5.6 billion in assets under management as of March 31, 2016.