BlueCrest Capital Hires Three Credit Traders From Deutsche, UBS for Fund
BlueCrest Capital Management Ltd., Europe’s third-largest hedge fund firm, said it hired three traders from Deutsche Bank AG and UBS AG for a BlueCrest multistrategy credit fund.
Joining are Dario Villani, who was a Deutsche Bank managing director in global credit trading; Stephen Waugh, who was a Deutsche director for high-yield and leverage loan index tranche trading; and Kharen Musaelian, formerly a UBS managing director, BlueCrest said in a statement today. The new hires will be based in New York and report to team heads Farid Amellal and Andrew Silver, the statement said.
BlueCrest, based in London, managed $16.7 billion at the end of 2009, behind only Brevan Howard Asset Management LLP and Man Group Plc, which holds a 25 percent stake in BlueCrest.