People Moves

BlueCrest moves HQ to Guernsey, 70 to Geneva

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BlueCrest Capital Management, one of the largest European hedge fund groups, has moved further away from being a London-based firm with the decision to relocate its group head office to Guernsey.

The news follows the establishment of an office in Geneva as the firm’s second investment management operation in Europe, to which many of its traders and operational staff are moving.

The Guernsey move – revealed in a letter to investors from founder Mike Platt that focused primarily on the opening of a new trading centre in Geneva – has renewed speculation about whether other big-name London hedge funds will