Global macro hedge fund heavyweight Caxton Associates and Brazil-based Kapitalo Investimentos have both recruited former treasury traders from Itau Unibanco, underscoring continued demand for top-tier macro talent across developed and emerging markets, according to a report by Bloomberg.
Thiago Ribeiro, previously on Itau’s treasury desk, is set to join Caxton in London later this month, according to sources familiar with the matter. Caxton, founded in 1983 and led by Andrew Law, is known for its discretionary macro strategy focused on global economic trends and has a long history of attracting experienced institutional talent to bolster its trading ranks.
Meanwhile, Andre Baum, another veteran of Itau’s treasury division, is heading to Kapitalo, one of Brazil’s largest hedge fund firms. Kapitalo manages over BRL25bn (USD 4.4bn) in assets and runs a range of macro and multi-strategy funds.
Neither Caxton nor Kapitalo responded to requests for comment.
