London-based hedge fund firm BlueCrest Capital Management has brought on Nomura’s Holdings’ head of emerging markets credit trading.
Bloomberg reported that Marcel Kfoury, who joined Nomura in 2009, resigned from the Japanese brokerage firm in the beginning of the month and will start his new position at BlueCrest in January.
In his new role as credit portfolio manager, Kfoury will help manage part of a $2 billion emerging markets fund at the firm. Additional information regarding his new position was not disclosed.
One of Europe’s largest hedge funds, BlueCrest is currently in the midst of creating 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.