Multistrategy hedge fund giant Schonfeld Strategic Advisors LLC has hired BNP Paribas SA's co-head of commodities trading, Arthur Goossens, according to people familiar with the matter. The move signals Schonfeld's continued expansion in commodities markets as it seeks to strengthen its trading capabilities.

The hiring of Goossens, a veteran commodities trader, represents a significant coup for Schonfeld as it competes for top talent in a tight market. BNP Paribas has been a major player in commodities trading, and Goossens' departure suggests potential shifts in the bank's trading strategy or structure.

This recruitment highlights the ongoing battle for skilled traders between hedge funds and traditional financial institutions. As markets become increasingly complex, firms are aggressively pursuing experienced professionals who can navigate volatile commodity markets. The move also underscores Schonfeld's commitment to building out its commodities trading division amid growing investor interest in the sector.