Hedge Funds

Merlin to offer outsourced trading

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Merlin Securities has hired a team of three traders from Banc of America Securities to introduce an outsourced trading desk for hedge funds.

Dean Brierley, CJ Martin and Gordon Lee joined Merlin in its San Francisco headquarters this week. The trio worked together in BofA's prime trading group but left when it was sold to BayPoint Trading, also in San Francisco.

With the new team in place, Merlin will be able to provide buy-side expertise and execution capabilities to be known as Merlin Prime Trading. Until this point, Merlin offered prime brokerage services to hedge funds that conducted their