Friday, 25 July 2014
Last updated 23 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%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…