BlueCrest Hires 3 Credit Traders as Wall Street Retreats

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

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 LLP, 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.