CTA Millburn Taps BlueCrest Vet Syed For Biz Development

Nov 29 2011 | 7:09am ET

Greenwich, Conn.-based Millburn, a systematic CTA with $2.1 billion in assets under management, has opened an affiliated branch office in London and tapped BlueCrest vet Shezad Syed to oversee its business development in Europe and the Middle East.

Syed, a former principal with BlueCrest Capital Management, one of Europe’s largest hedge funds, where he was responsible for the sourcing and introduction of new strategies, research teams and strategic investor relationships. Syed was also a member of the portfolio team for BlueCrest’s hybrid multi-manager fund.

Prior to BlueCrest, Mr. Syed was a founding member of a London-based alternative asset management firm, which included a platform consisting of a combination of multi-manager and single-manager formats.

In his new role at Millburn, Syed will have broad responsibility for client support, business development and market intelligence for the Europe and Middle East regions.

"The opening of this office and the appointment of our business development head for Europe and the Middle East represent key steps in solidifying Millburn’s presence in these regions. We are certain that Shezad will be an invaluable addition to Millburn and, more importantly, to our partners and investors,” said Barry A. Goodman, executive vice president of Millburn Ridgefield Corporation.

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