BlueCrest To Move To Jersey

Nov 13 2014 | 7:52am ET

BlueCrest Capital Management is trading Channel Islands.

The US$25 billion hedge fund will move its headquarters to Jersey at the end of the year, it said. BlueCrest’s base is currently about 27 miles to the south, on the island of Guernsey, where it moved from London in 2010.

“Jersey has a deep pool of talent for staffing BlueCrest’s corporate headquarters,” firm spokesman Ed Orlebar told Bloomberg News. Jersey is home to nearly 100,000 people, 50% more than Guernsey, and already serves as Brevan Howard Asset Management’s corporate headquarters.

Both islands are crown dependencies of the U.K. and not part of the European Union, but are governed separately from one another.


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