The Carlyle Group has hired a trio of senior equity derivatives traders from Millennium Partners in New York.
As first reported on DW's Web site, Chris Leone, Bill Bane and David Frakes are all set to join the private equity behemoth's hedge fund venture, Carlyle Bluewave. The three were equity volatility traders at Millennium and are expected to have a similar mandate at Carlyle. Details of the fund's strategy plans, however, could not be determined. Bane did not respond to a message left on his cell phone and Leone and Frakes could not be reached for comment.
The fund is reported to be headed by Ralph Reynolds, former Deutsche Bank proprietary trading heavyweight, and Rick Goldsmith, former head of the absolute return strategies group at Deutsche Asset Management.
A Carlyle official declined all comment.
