BlueCrest Money Manager Daniel Escobar Said to Leave Hedge Fund

Daniel Escobar, a money manager at BlueCrest Capital Management, has left the hedge fund, according to a person with knowledge of the matter who asked not to be identified because the information is private.

Escobar, who was based in London, is at least the fourth money manager to leave the investment firm since billionaire founder Michael Platt decided to return client money in December. He joined BlueCrest in 2013 along with two other traders as the firm built up its credit-derivatives unit. Escobar previously worked at Arrowgrass Capital Partners LLP and Deutsche Bank AG.

Ed Orlebar, a spokesman for BlueCrest, and Escobar declined to comment.

London-based money managers Joshua Farber and Jihan Bowes-Little and New York-based Steve Waugh have left the firm over the last two months, according to people familiar with the matter and records of the U.K.’s Financial Conduct Authority.

BlueCrest said in December that it will return about $7 billion of client money to focus on managing Platt’s wealth and that of his partners. The firm also announced plans to retain all of its offices and said it “anticipates strong growth” in assets and employees.

In January, the firm hired Adam Aron, a former senior energy analyst at Citadel’s Surveyor Capital unit, as a portfolio manager, while Panos Yiasoumi, former co-head of European government bonds in global rates and currencies at Bank of America Corp., joined as a money manager in London, Orlebar said last month.

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