BlueCrest Capital Management has hired Morgan Stanley’s European foreign exchange and emerging markets chief to run its Emerging Markets Fund.
Marcin Wiszniewski, a 14-veteran of Morgan Stanley, will join London-based BlueCrest on May 10. He is the fourth senior trader to leave the firm for a hedge fund this year, following Eric Cole’s move to Appaloosa Management and the departure of Geoffroy Houlot and Ahsim Khan for Brevan Howard Asset Management.
But the door swings both ways: To replace Wiszniewski—who himself took over for Bart Turtelboom and Karim Abdel-Motall when they left for GLG Partners in 2008—as head of the foreign exchange and emerging markets desk, Morgan Stanley has lured Chris Nicoll back to the firm from Moore Capital Management. Nicoll left Morgan Stanley, where he was head of European spot foreign exchange trader, in July 2008, the same month that Turtelboom and Abdel-Motall departed.
Morgan Stanley also promoted new hire Andrew Millward, who joined the firm from JPMorgan Chase earlier this year, to serve as co-head of the emerging markets desk with Nicoll.
At BlueCrest, Wiszniewski will manage a US$500 million emerging markets portfolio. All told, the hedge fund manages more than US$18 billion.