Ex-BlueCrest PM Pace Launches New L/S Equity Fund With Backing From Lighthouse

Jan 26 2017 | 9:33pm ET

Lighthouse Capital is reportedly backing former BlueCrest trader Silvia Pace in a new long/short equity hedge fund. 

The new firm is named Space Capital, according to a Reuters article citing unidentified sources familiar with the matter. 

Several BlueCrest alumni have started new ventures since the company closed to outside capital in late 2015, including Takashi Makita’s quantitative volatility manager Niten Capital Management, Tej Johar’s event-driven fund Broad Bridge Capital, and Ardy Hashemi’s Hashemi Asset Management, which focuses on European equities and was seeded last fall by $200 million from Lighthouse.

The amount Lighthouse is devoting to Pace’s new venture was not immediately available, the article said, nor was the date it expects to begin trading. The fund will not initially be available to outside capital.

Pace was a portfolio manager for BlueCrest from mid-2013 to August 2016. Beforehand, she was a portfolio manager for Nomura, worked as a consumer analyst for Theorema Asset Manager, and began her career at SocGen.


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