Top Execs., Staff Out At BlueCrest

Dec 1 2010 | 1:21pm 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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of