Endeavour Capital Management, a USD600 million global fixed-income relative value hedge fund, has hired George Polychronopoulos, senior managing director and head of interest rate trading at Bear Stearns in London, as a director and trader for the fund in London. The fund uses interest rate swaps, and volatility derivatives, according to Polychronopoulos, who left Bear Stearns in September (DW 9/30).
Polychronopoulos reports to principals Paul Matthews, Ulf Wisem and Paolo Kint. The fund is in the process of fundraising to increase its assets to USD750 million, Polychronopoulos said. He said his departure was related to a reorganization in the interest rate derivatives group.
