Carr spearheads new Bloomberg quant team

Peter Carr, Risk’s 2003 quant of the year, joined financial information and trading services provider Bloomberg last month. Carr is the New York-based head of a new group called Analytic Research at Bloomberg (ARB). “We are hiring 20 people externally and shifting people internally to form a first-tier research group,” Carr says.

He says his initial tasks will be staffing the group and laying the groundwork for the new research effort. “The initial focus will be fixed-income analytics, but will eventually broaden to encompass [all] derivatives research and portfolio analytics.”

The creation of the new group appears to be part of broader push by Bloomberg to expand its range of analytics and dealing services. Last month, it also announced a joint venture with EBS – a partnership that includes a number of the