BlueCrest hires 3 credit traders

For Hire

BlueCrest Capital Management, the $36bn hedge-fund firm run by Michael Platt, hired three credit traders as Wall Street’s biggest banks pull back from riskier businesses.

Bloomberg News reports that the firm boosted its credit-derivatives unit with the hires of Simon Gee, previously a managing director at Goldman Sachs Group Inc., Sid Gowda from Credit Suisse Group AG, and Daniel Escobar, formerly of Arrowgrass Capital Partners, according to three people familiar with the matter.

They’ll join the firm’s London office later this year and report to Andrew Silver, said the people, who asked not to be named because the moves haven’t been publicly announced.

The firm, co-founded in 2000 by Platt, a former JPMorgan proprietary trader, is expanding as the world’s biggest banks face higher global capital requirements and the 2010 Dodd-Frank Act in the U.S.

Hit the link below to access the complete Bloomberg article:

BlueCrest Hires 3 Credit Traders as Wall Street Retreats

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