Key Takeaways
- • Senior bank talent migration accelerating: Hedge funds in London are actively recruiting experienced traders from Citi, UBS, and Credit Suisse, signaling confidence in fund performance and capacity to absorb top-tier talent as markets stabilize.
- • Schonfeld poaches Citi delta one specialist: Sahil Manocha joined Schonfeld's London office as event-driven and delta one portfolio manager, bringing eight years of JPMorgan experience and most recently serving as head of delta one forward training at Citi; Schonfeld's delta one team is newly established but expanding rapidly under ex-Goldman Sachs partner Riccardo Riboldi.
- • Credit Suisse legacy portfolio expertise transferred to buy side: Yoni Vigoroux, former Credit Suisse MD and post-merger head of non-core and legacy equity trading at UBS, joined Balyasny; Vigoroux's team deployed "T-Rex," a pricing automation tool that successfully liquidated 40 equity portfolios totaling $60 billion in legacy positions over two years.
- • Execution technology talent in demand: Millennium hired Neil Sinclair as head of execution technology; Sinclair spent 16 years at UBS as head of electronic trading architecture and head of investments IT for asset management, with prior stints at Goldman Sachs, Point72, and Caspian One.
- • Broader recruitment reflects market recovery: Major hedge funds returning to positive returns after challenging early 2025, with competition for senior banking talent intensifying as funds expand portfolios and technology capabilities.
Summary
London hedge funds are increasingly recruiting senior traders and technologists from major international banks, reflecting strengthened fund performance and strategic expansion plans. After a difficult start to 2025, most major hedge funds have returned to positive returns, and this momentum is attracting experienced banking professionals to the buy side.
Schonfeld's London office secured Sahil Manocha as an event-driven and delta one portfolio manager. Manocha's background spans eight years at JPMorgan and a recent role as head of delta one forward training at Citi, positioning him to contribute immediate expertise to Schonfeld's relatively new but rapidly expanding delta one team, led by Riccardo Riboldi, a Dubai-based former Goldman Sachs partner.
Balyasny recruited Yoni Vigoroux, an ex-Credit Suisse MD who has managed a complex post-merger mandate at UBS. Following Credit Suisse's absorption into UBS, Vigoroux served as head of non-core and legacy equity trading, overseeing the disposition of $60 billion in legacy trading positions. His team developed "T-Rex," a pricing automation tool credited with enabling the sale of 40 equity portfolios over two years. At Balyasny, Vigoroux transitions back to portfolio management rather than asset liquidation, leveraging his prior experience as Credit Suisse's global head of single stock exotics trading.
Millennium, which navigated a tougher-than-average year before swinging back to profitability, appointed Neil Sinclair as head of execution technology. Sinclair's 25-year banking career includes nine years at Goldman Sachs and 16 at UBS, where he served as head of electronic trading architecture and later head of investments IT for the asset management division. Sinclair previously tested the hedge fund sector in 2022 when he joined Point72 as head of product trading and equity international technology, followed by a role at Caspian One before returning to hedge funds with Millennium.
These senior hires underscore intensifying competition for specialized talent in trading, portfolio management, and technology infrastructure as hedge funds capitalize on improving market conditions and build operational capacity.
Schonfeld's London office secured Sahil Manocha as an event-driven and delta one portfolio manager. Manocha's background spans eight years at JPMorgan and a recent role as head of delta one forward training at Citi, positioning him to contribute immediate expertise to Schonfeld's relatively new but rapidly expanding delta one team, led by Riccardo Riboldi, a Dubai-based former Goldman Sachs partner.
Balyasny recruited Yoni Vigoroux, an ex-Credit Suisse MD who has managed a complex post-merger mandate at UBS. Following Credit Suisse's absorption into UBS, Vigoroux served as head of non-core and legacy equity trading, overseeing the disposition of $60 billion in legacy trading positions. His team developed "T-Rex," a pricing automation tool credited with enabling the sale of 40 equity portfolios over two years. At Balyasny, Vigoroux transitions back to portfolio management rather than asset liquidation, leveraging his prior experience as Credit Suisse's global head of single stock exotics trading.
Millennium, which navigated a tougher-than-average year before swinging back to profitability, appointed Neil Sinclair as head of execution technology. Sinclair's 25-year banking career includes nine years at Goldman Sachs and 16 at UBS, where he served as head of electronic trading architecture and later head of investments IT for the asset management division. Sinclair previously tested the hedge fund sector in 2022 when he joined Point72 as head of product trading and equity international technology, followed by a role at Caspian One before returning to hedge funds with Millennium.
These senior hires underscore intensifying competition for specialized talent in trading, portfolio management, and technology infrastructure as hedge funds capitalize on improving market conditions and build operational capacity.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.