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Sept. 29 (Bloomberg) -- UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, hired Andrew Hubbard from Credit Suisse Group AG as a portfolio manager for quantitative credit.

Hubbard, 41, started today and reports to Casey Talbot, global head of fixed-income strategies, said Azar Boehm, a spokesman for Zurich-based UBS AG. He left Credit Suisse, where he was head of structured credit trading in the U.S., about five months ago.

Hubbard, who began at Credit Suisse in 1997, rejoined the firm in 2004 after a yearlong stint with Frankfurt-based Deutsche Bank AG, according to regulatory records.

The hedge-fund unit was founded as O’Connor & Associates in 1977 and sold to a UBS predecessor in 1992. UBS O’Connor’s traders developed the bank’s equities proprietary-trading desk before opening the funds to clients in 2000.

--With assistance from Margaret Collins in New York.

To contact the reporter on this story: Zeke Faux in New York at zfaux@bloomberg.net To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net Steven Crabill

Bloomberg