BlueCrest Vets Add BofA Sales Exec. To New Hedge Fund

May 8 2012 | 10:06am ET

Nascent hedge fund C8 Investments, founded by two former BlueCrest Capital Management principals, has hired a Bank of America Merrill Lynch executive to head its distribution effort.

Mike Ward will join the quantitative hedge fund shop after leaving BofA at the end of this month. He is charged with leading C8's sales and marketing, Financial News reports.

Former BlueCrest principals Mattias Eriksson and Patrick Finn founded C8 last year, alongside hedge fund veteran Justin Freeman and Swedish commercial real-estate executive Anton Varnäs. Eriksson and Finn worked for BlueCrest's flagship managed futures fund, BlueTrend.

C8 has yet to launch its maiden systematic multi-strategy fund, although it is expected to debut within the coming months.

At BofA, Ward is head of equity sales for Europe, the Middle East and Africa. He resigned this week.

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