Top Execs., Staff Out At BlueCrest

Dec 1 2010 | 12:21pm ET

Four top executives and a portfolio manager have left hedge fund BlueCrest Capital Management, Europe's third-largest hedge fund with US$24 billion in assets.

Justo Ruiz-Ferrer, head of trading strategy systems and quantitative development for BlueCrest's flagship Bluetrend strategy, headlines the departures, which came over the last few months. In addition, partners Bojan Milicic, Luigi La Ferla and Martin Stocks have left the firm, as has portfolio manager Jeremy Gelber.

Gelber has since joined SFM UK, Reuters reports.

Bluecrest last month pulled the plug on its UCITS III-compliant version of the Bluetrend strategy because of its failure to track the performance of the US$10 billion flagship.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...