Ex-Credit Suisse economist making big hires for hedge fund pod
Not everyone is leaving Credit Suisse in 2023. Some people fled years ago. They include an economist, who after a brief fling with the Swiss bank is now thriving in a hedge fund.
Mirco Bulega left Credit Suisse in 2016 and joined ExodusPoint, the multistrategy hedge fund as a senior portfolio manager in July 2022. He's since been busy building out his pod.
Bulega declined to comment for this article, but his most recent recruit is understood to be Jacques Mouawad, a European government bond trader who spent 19 years at Morgan Stanley in London, where he was an executive director. Mouawad is understood to be joining next month.
It's not clear whether Bulega intends to make additional hires. Sources say his pod comprises three people in addition to Mouawad: Bulega himself, Vittorio Martino (an ex-Deutsche macro strategist) and mysterious person called Vladimir.
Bulega's new recruits come as multistrategy hedge funds are doing some big hiring. Hedge fund headhunter Illana Weinstein described their enthusiasm for talent as a "hiring frenzy," amidst suggestions of very generous pay.
Exoduspoint had a difficult 2022, but has been making a comeback this year. The fund hired 36 new portfolio managers between mid-2022 and January 2023, of whom Bulega was only one. All might now be hiring.
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