BlueCrest Loses Fixed-Income Specialist Ilott

Jan 11 2010 | 12:35pm ET

Steve Ilott is out at BlueCrest Capital Management, little more than a year after he joined the British hedge fund to increase its offerings for institutional investors.

Ilott left the firm at the end of last year, Financial News reports. Former colleagues of the Aberdeen Asset Management and Deutsche Asset Management veteran say he’ll likely found his own firm in the near future.

After a stint as head of fixed-income at both Aberdeen and Deutsche AM, Ilott joined BlueCrest in September 2008. He led the firm’s Alignment Investors group, which builds lower-risk strategies, especially absolute-return fixed-income products, designed for institutional investors.

The group has raised more than US$1 billion. Alignment’s three other co-founders remain at BlueCrest, according to a filing with the Financial Services Authority.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of