The launch in October of a second quantitative equity strategy underlines the continued expansion of the systematic trading business at BlueCrest Capital Management, the $15 billion global multi-strategy hedge fund group led by Mike Platt.
BlueCrest is rare among the major discretionary global hedge fund trading groups in successfully building a big systematic side to its business as well.
The systematic trading strategies, overseen by BlueCrest president Leda Braga, now account for just over 50% of the firm's...