Ilott, Ex-BlueCrest, To Head Multi-Strat At F&C

Mar 9 2012 | 10:28am ET

Steve Ilott, who acrimoniously left BlueCrest Capital Management two years ago, has joined F&C Investments.

Ilott was named head of multi-strategy investments at F&C's institutional business. "This is already a substantial area of our business and we believe it will be of increasing importance to our clients," Richard Wilson, that business' head, said. "Steve brings the experience to innovate and develop the products and capabilities required to succeed."

Ilott spent a little more than a year at BlueCrest, following stints as head of fixed-income at Aberdeen Asset Management and Deutsche Asset Management. A co-founder of the hedge fund's institutional business, he sued BlueCrest last year, claiming he was forced out of the firm and denied his promised share of the profits from the business.

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