Sigma Capital Management, a New York subsidiary of hedge fund behemoth SAC Capital Advisors, has hired Jerry Levy, director in high-grade credit sales at BNP Paribas in New York. Levy joined Sigma last week and reports to Peter Abramenko, managing director and former global head of credit trading at UBS Principal Finance. He started at Sigma last year to run its new credit portfolio (BW, 11/29). A market participant familiar with Levy's plans said he will be moving to Sigma's London office later this summer. Levy declined comment.
Edwina Frawley, spokeswoman for BNP Paribas, said Levy had not yet been replaced.