Senior traders in investment banks continue to seize opportunities in hedge funds, despite the risks. While a lot of hedge funds bemoan the lack of talent coming out of investment banks now, two large firms continue to hire from the sell-side – Millennium Management and BlueCrest Capital Management. True to form, both firms have hired staff who have previously worked within investment banks’ markets divisions so far this year. Andrew McDougall, who was previously head of emerging markets rates trading at Barclays, has just joined BlueCrest Capital Management as an emerging markets portfolio manager. McDougall has been working on...