BlueCrest Said to Hire Bensimon to Start Derivative Group

BlueCrest Capital Management LLP, the $27.1 billion hedge-fund firm run by billionaire Michael Platt, hired Jonathan Bensimon from Societe Generale SA to start an equities-index and derivatives group, according to a person with knowledge of the matter.

Bensimon, 35, will join in January and have a team of four people, said the person, who asked not to be identified because the information is private. Bensimon declined to comment on his plans. Ed Orlebar, a spokesman for London-based BlueCrest, declined to comment.

BlueCrest, which Platt founded in 2000, expanded into equities last year and hired traders from Nomura Holdings Inc., including Christian Dalban in London and Jonathan Larkin in New York. Larkin, who oversaw U.S. stock trading, quit last week, according to another person familiar with the firm.

Bensimon will be based in New York and his group will be part of BlueCrest’s global equities unit, said the person with knowledge of his move. He will report to Dalban. Bensimon was head of equity-flow trading for the U.S. at Paris-based Societe Generale.

BlueCrest in July opened a Boston office and hired former Point72 Asset Management LP equity money managers Nina Hughes and Telis Bertsekas. BlueCrest said last week that Leda Braga, who oversees its computer-driven trading unit, will leave to start her own business, taking almost a third of the firm’s assets.

Before it's here, it's on the Bloomberg Terminal.