Thursday, 18 December 2014
Last updated 58 min ago
Feb 5 2010 | 3:51pm ET
After less than five months on the job, Steve Smith is out at BlueCrest Capital Management.
Smith served as head of sales and co-manager of BlueCrest’s AllBlue Fund since joining the firm on Sept. 22. He was also a member of the US$16.7 billion firm’s executive committee.
No reason was given for Smith’s abrupt departure, which was first reported by Bloomberg News.
BlueCrest, Europe’s third larges hedge fund firm, has raised £101 million ($164.5 million) through a new share issuance for its BlueCrest AllBlue fund in December.
The firm also recently announced plans to close its systematic quantitative BlueTrend Fund to new investors when it hits US$10 billion in assets. The BlueTrend fund soared 43% in 2008, a year in which the average hedge fund sank by double-digits. Last year, it posted a much more modest return of 4.3%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.