In a notable move within London's competitive hedge fund landscape, senior money manager Yves Masselin has departed Eisler Capital to join rival firm Verition. The switch represents a significant hire for Verition as it continues to build out its multi-strategy platform.
A Strategic Hire for Verition's Multi-Strategy Ambitions
Yves Masselin, who served as a managing director and portfolio manager at Eisler Capital, has officially made the transition to Verition. His departure from Eisler, the firm founded by former Goldman Sachs partner Edward Eisler, was confirmed earlier this week. At Verition, Masselin is expected to play a leading role within the firm's credit and relative value strategies.
This recruitment underscores Verition's ongoing expansion efforts. The firm, which operates with a multi-strategy, multi-manager model similar to giants like Millennium Management and Balyasny Asset Management, has been actively seeking top talent to diversify and strengthen its trading desks. Bringing in an experienced figure like Masselin, with his specific expertise, is a clear signal of intent.
Background of the Move and Industry Context
Masselin's career trajectory is deeply rooted in credit markets. Prior to his tenure at Eisler Capital, he held a senior position at BlueCrest Capital Management, another major London-based hedge fund. His deep experience in relative value and credit trading made him a valuable asset at Eisler and now a prime target for Verition.
The move occurs against a backdrop of intense competition for proven portfolio managers in London. Multi-strategy hedge funds are in a constant race to identify and secure managers who can generate consistent, uncorrelated returns. Poaching between rival firms is common, but a move of this calibre always draws attention within the tight-knit financial community of Mayfair and the City.
Verition Fund Management, founded by Jonathan Berger, has been on a growth path, aiming to increase its assets under management and broaden its strategic reach. Securing a manager from a respected competitor like Eisler Capital provides not just individual talent but also validates the firm's growing stature in the market.
Implications for Eisler Capital and the London Scene
For Eisler Capital, the loss of a senior managing director is a setback, though the firm is well-established and likely has plans for succession. Founded in 2015, Eisler has grown into a formidable quantitative and multi-strategy investment manager. The firm is known for its systematic trading strategies but also employs discretionary teams in areas like credit, where Masselin was focused.
Such personnel shifts are a defining feature of the hedge fund industry, particularly in London, which remains a global hub for trading talent. They highlight the fluid nature of capital and expertise, where successful strategies and the individuals behind them are highly mobile.
The broader implication is a continued reinforcement of London's status as a centre for multi-strategy hedge fund activity, despite geopolitical and economic challenges. Firms are willing to invest heavily in talent to drive performance, leading to a dynamic and competitive job market for elite finance professionals.
As both Verition and Eisler Capital navigate this change, the industry will be watching to see how Verition integrates its new hire and whether Eisler moves to backfill the role with another prominent name. For now, Yves Masselin's move stands as one of the more significant London finance hires of the quarter.
