Capula Investment Management LLP has hired Daniel Escobar, a former money manager at BlueCrest Capital Management in London, according to a person with knowledge of the matter.
Escobar started at the London-based hedge fund firm on Monday, the person said, asking not to be identified because he’s not authorized to speak on the matter. Escobar and a spokesman for Capula declined to comment.
Escobar was among money managers who left BlueCrest earlier this year after the firm’s billionaire founder, Michael Platt, decided to return client money in December. He joined BlueCrest in 2013 as the firm built up its credit-derivatives unit after previously working for hedge fund Arrowgrass Capital Partners LLP and Deutsche Bank AG.
Started in 2005, Capula oversees about $13.5 billion of client assets in global fixed-income hedge funds. Goldman Sachs Group Inc.’s Petershill fund bought a stake in Capula in 2008.