Hedge funds are poaching top volatility traders from Wall Street banks

<p><img src="https://static5.businessinsider.com/image/6088533d0da8f40018033c40-2400/hedge funds versus bankers in pandemic 4x3.jpg" border="0" alt="hedge funds versus bankers in pandemic 4x3" data-mce-source="Phil McCarten/Reuters; Lucy Nicholson/Reuters; Erin Scott/Reuters; Michael Kovac/Getty Images; Denis Balibouse/Reuters; Samantha Lee/Insider"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>The derivatives traders that thrived during 2020's <a href="https://www.businessinsider.com/wall-street-traders-eye-huge-paydays-during-coronavirus-volatility-2020-3'r=vol-teaser" target="_blank" rel="noopener">once-in-a-decade market shock</a> are now some of the <a href="https://www.businessinsider.com/hedge-funds-citadel-millennium-raiding-big-banks-hiring-volatility-traders-2021-4'r=vol-teaser" target="_blank" rel="noopener">hottest commodities</a> on the street.</p><p>But unlike recent years, where Wall Street banks snatched senior talent from each other, marquee hedge funds like Balyasny, <a href="https://www.businessinsider.com/citadel-hires-dan-baranovsky-from-citi-equity-volatility-trading-pm-2021-4'r=vol-teaser" target="_blank" rel="noopener">Citadel</a>, and Millennium are plundering the rosters at Bank of America, Citigroup, and <a href="https://www.businessinsider.com/goldman-derivatives-traders-potter-tuteja-leave-buy-side-balyasny-volatility-2021-4'r=vol-teaser" target="_blank" rel="noopener">Goldman Sachs</a> as they deploy their massive hordes of capital and chase riches with expanding volatility strategies of their own.&nbsp;</p><p>"Usually it's just sell-side musical chairs," one veteran volatility trader told Insider. "This is making things more interesting as the buy-side is scooping up so many people," leaving fewer senior traders at the banks.&nbsp;</p><p>Here's a look at just some of the <a href="https://www.businessinsider.com/hedge-funds-citadel-millennium-raiding-big-banks-hiring-volatility-traders-2021-4'r=vol-teaser">recent hires</a>:&nbsp;</p><aside class="breakout-box headline-regular"><p><u><strong>Goldman Sachs</strong></u></p><ul><li><u></u>Moran Forman, MD in index derivatives trading, joined Rokos Capital</li><li>Travis Potter, MD in equity derivatives trading, joined Balyasny</li><li>Shawn Tuteja, index equity derivatives trading, joined BlueCrest</li><li>Alina Fiato, associate in equity derivatives trading, joined Jane Street</li></ul></aside><h1><a href="https://www.businessinsider.com/hedge-funds-citadel-millennium-raiding-big-banks-hiring-volatility-traders-2021-4'r=vol-teaser" target="_blank" rel="noopener">Subscribe now for the full rundown on which top traders have made moves and to get all the details from execs and recruiters on what's driving the poaching frenzy</a></h1><p><a href="https://www.businessinsider.com/buy-side-hedge-funds-hiring-volatility-traders-goldman-citi-bac-2021-5#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/how-symphony-seas-worlds-largest-cruise-ship-deals-with-waste-2020-3">How waste is dealt with on the world's largest cruise ship</a></p>
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