Hedge fund Verition Fund Management is hiring in energy, going against the grain in a year when many traders have struggled to make money.
The US firm has seen assets rapidly swell to $13.7 billion since the start of the decade. That’s given it room to expand across strategies, including commodities — one of the more volatile corners of global markets. Verition has hired about 10 high-profile traders across key locations during the past year and opened a Houston office in April, according to people familiar with the matter.