BlueCrest sees multiple PM departures
BlueCrest Capital Management is understood to be losing a number of portfolio managers and traders, including a 26-year-old rates specialist who was promoted to partner earlier this year, as macro hedge funds contend with a difficult trading environment, according to a report by eFinanical Careers. The report cites unnamed people familiar with the matter as highlighting that around 10 employees…
BlueCrest Capital Management is reportedly losing several key employees, including a top-rated manager and traders, as the firm navigates a challenging trading environment, claims a report by eFinanical Careers. The unnamed sources indicate that around 10 staff members have either already left the company or are set to depart soon. The reasons behind these departures remain unclear, and the company has not provided a response to inquiries for more information.
Among the notable exits is Ben Turner, the 26-year-old former Barclays rates trader who recently became a partner at BlueCrest. His departure may not be final, as he remains registered with the UK Financial Conduct Authority. Other recent or earlier departures include Robert Robinson, who joined BlueCrest from Hudson River Trading and exited the company's UK entity on September 25th. Tom Bowden has relocated to Wellington, while Ankur Aneja left the firm earlier this year. Ben Atlas has also moved on to ExodusPoint.
These departures appear to be primarily concentrated in BlueCrest's rates trading operation, which is overseen by Joseph Walkrush from Miami. It is not yet clear whether these staff movements are part of a larger restructuring or the outcome of individual decisions made by portfolio managers.
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