BlueCrest's Braga: London 'Will Always Remain Strong'

May 10 2011 | 11:46am ET

From her perch in Geneva, Switzerland, BlueCrest Capital Management's Leda Braga isn't worried about London's status as a hedge fund center.

Braga, who heads systematic trading at BlueCrest, told the CFA Institute's annual conference in Edinburgh, Scotland, that Britain's capital "will always remain strong." She said her own firm moved 120 of its 380 employees to the Swiss city "for diversity purposes," Financial News reports.

Braga herself moved to Switzerland last year, after BlueCrest became the first London-based firm to open a Geneva office as the U.K. moved to increase taxes on its wealthiest.

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