Sigma Capital Management, a New York subsidiary of hedge fund behemoth SAC Capital Advisors, has added another fixed-income big shot trader to its roster. Keith Lombardo left an internal hedge fund at Calyon, the merged entity of Credit Lyonnais and Credit Agricole Indosuez, several months ago and has resurfaced at Sigma's new fixed-income fund. He is trading crossover and high-yield credits, according to a market participant familiar with the move. Previously, Lombardo worked at Deutsche Bank, where he was a director in investment-grade trading, before he joined Credit Lyonnais when it started its multi-billion dollar credit fund (BW, 4/17/02). He did not return a call.
Lombardo is the latest in a slew of high-profile hires by Sigma (BW, 11/29). Peter Abramenko, Sasan Doroudian and Jim Switzer all recently joined the fund after a brief hiatus from UBS Principal Finance, where the trio reportedly ran one of the top-five high-grade corporate portfolios (BW, 4/5).