BlueCrest Plans Move to Jersey From Guernsey at Year-End
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BlueCrest Capital Management LLP, the $25 billion hedge fund firm, plans to move its headquarters from one U.K. offshore dependency to another at the end of the year to seek better staffing options.
BlueCrest Capital Management Ltd. applied to become licensed and regulated by the Jersey Financial Services Commission, moving operations to the island from Guernsey as of Dec. 31, the firm’s AllBlue Fund Ltd. said in a statement today. Brevan Howard Asset Management LLP, Europe’s largest closely held hedge fund firm, is also domiciled in Jersey, one of the Channel Islands off the northwest coast of France.