Traders Who Left Banks for Hedge Funds Heading Back to Banks

(Bloomberg) Traders who fled banks for hedge funds are on their way back to Wall Street.

This month, Barclays Plc hired Chris Leonard, a founder of two hedge funds in the decade since he left JPMorgan Chase & Co., to turn around U.S. rates trading. At the end of last year, ex-bankers Roberto Hoornweg and Chris Rivelli, both of Brevan Howard Asset Management, left that London hedge fund for banks.

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