BlueCrest Capital Management has added a former trader from DRW to its rates trading team, according to people familiar with the matter. The hire underscores the hedge fund's ongoing focus on macro trading strategies amid volatile markets.
New Addition to Rates Desk
The new trader, who previously worked at DRW, joins BlueCrest's London office. The firm has been expanding its rates team to capitalize on interest rate movements driven by central bank policies and economic data.
Strategic Focus
BlueCrest, founded by Michael Platt, has been rebuilding its trading teams after returning capital to external investors in 2015. The firm now manages mostly family office money and has been selectively hiring top talent.
- Enhanced rates trading capabilities
- Focus on macro and relative value strategies
- London-based team expansion
The move comes as hedge funds increasingly compete for experienced traders in rates, a sector that has seen heightened activity due to inflation concerns and shifting monetary policy.
