A group of credit traders at Brevan Howard Capital Management has been hired by a rival hedge fund firm.
Bloomberg reported that Wayne Leslie and Jason Feasey are among the team of traders who are joining BlueCrest Capital Management after leaving Brevan Howard in August. Leslie joined Brevan Howard last year from Goldman Sachs Group, where he was a managing director responsible for European investment-grade credit trading, while Feasey came from Bank of America in 2011.
Both BlueCrest and Brevan Howard are based in London.
One of Europe’s largest hedge funds, BlueCrest has been on a hiring spree as its assets under management more than doubled to $36 billion since the end of 2009. It is also currently in the midst of creating an “investment bank quality” trading group that seeks to profit from smaller market anomalies.
Brevan Howard is Europe’s second-largest hedge fund firm with about $40 billion in assets.