Hedge Funds

Press moves to San Francisco trading group

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Justin Press, an associate director with UBS Hedge Fund Services, recently left to join San Francisco-based Baypoint Trading. The outsourced trading outfit was started by former Banc of America Securities executives and traders including Scott Kovalik, Kevin Chessen and Cordy Snyder as well as Brian Petit, a former managing director within Banc of America Securities Prime Brokerage. Baypoint provides execution services, as well as research and trading information. At UBS, Press was working within prime brokerage sales covering the Midwest.

The firm also recently hired Keith Ogden, the former chief operating officer at Neuberger Berman Technology Management, a