Team defects from O'Connor


The big O'Connor multi-strategy team, headed by Joe Scoby in Chicago, appears set to lose Chris Salter and Graham Pattle, one of the group's star management teams in Europe, following news that the duo are seting up their own management firm in London.

Salter and Pattle's move follows news last month that Michael Friedman and Michael Schmidt, who were previously at O'Connor in the U.S., are launching their own multi-strategy fund called FHS in Chicago.

Salter and Pattle, who had been running the recently launched European equity trading fund are, however, expected to keep close connections with the group and