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BlueCrest Adds Three Credit Traders

Jul 07, 2013
Jing Chen

London-based hedge fund firm BlueCrest Capital Management is expanding its staff with the hires of three credit traders.

Bloomberg reported that former Goldman Sachs director Simon Gee, Credit Suisse’s Sid Gowda and Arrowgrass Capital Partners’ Daniel Escobar will join BlueCrest’s London office later this year.

The hires follow BlueCrest’s plan to create an “investment bank-quality” trading group that seeks to profit from smaller market anomalies.

Co-founded in 2000 by former JPMorgan Chase & Co. proprietary trader Michael Platt, BlueCrest more than doubled its assets since the end of 2009 to approximately $36 billion in assets.

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