Two huge reasons why moving from prop trading to hedge funds makes sense

E Finance – We’ve all heard how former Goldman Sachs prop trader Morgan Sze left the firm to start up Azentus Capital Management, a Hong Kong based hedged fund, earlier this year.

More recently, another prop trader has done the same. Benjamin Fuchs, who previously headed a prop trading desk at Nomura, is starting a new hedge fund, B.A.F. Capital Management, reported Bloomberg earlier this week. The fund, also based in Hong Kong, will have 24 employees including 13 investment professionals.

Although it’s not as if every prop trader in Hong Kong is gunning to start a hedge fund, recruiters we spoke to say they are definitely seeing some movement towards the buy side.

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