Oliver Dobbs, who was CQS U.K. LLP’s chief investment officer of portfolio management, has joined BlueCrest Capital Management LLP to trade convertible bonds.
Dobbs, 48, started working at BlueCrest, a London-based hedge fund with $34 billion of assets, this month, according to a filing published today by the U.K.’s Companies House. He traded convertible bonds at a Citigroup Inc. hedge fund before joining London-based CQS.
BlueCrest, which focuses on fixed income and uses computer algorithms to profit from asset-price trends, is adding traders after its funds more than doubled since the end of 2009. Michael Platt, 44, founded the firm in 2000 after leaving a proprietary trading desk at JPMorgan Chase & Co.
Dobbs, Ed Orlebar, a spokesman for BlueCrest, and Michael Rummel, a spokesman for CQS, declined to comment.
CQS, a $12 billion hedge fund started in 1999 by former Credit Suisse Group AG trader Michael Hintze, invests in convertible bonds, corporate debt and asset-backed securities.
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