Hedge Funds

S3 adds two to build securities finance


S3 Partners recently hired two senior Wall Street executives to help build its securities finance business. Andrew Bieler joins as partner from JP Morgan, where he was a managing director and head of U.S. program trading. Jorge Soltero, formerly an executive director and equity index trader at UBS, joins S3 as managing director.

S3 Partners had initially focused on providing hedge funds with outsourced portfolio financing assistance, including collateral trading and balance sheet management.

But the firm, which until recently was known as S3 Asset Management, now plans to expand into term funding and securities borrowing services. S3 also