People Moves

Prologue taps ex-Field Street, Morgan Stanley rates trader


Blake Schmidt joins the growing macro firm as a PM focused on volatility.

Prologue Capital Management, the $2.18 billion firm led by co-founders Graham Walsh and David Lofthouse, has hired Blake Schmidt as a portfolio manager focused on volatility trading.

Schmidt was most recently at Field Street Capital Management, where he was a senior portfolio manager and global head of volatility trading since 2012.

He previously served as an executive director at Morgan Stanley from July 2009 to February 2012 where he was a market maker in interest rate options and "generated over $150 million in revenues in my first 30 months," according to his LinkedIn profile. The description generally notes