BlueCrest Binges on Wall Street Defectors in Bond-Market Bets
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BlueCrest Capital Management LLP is accelerating its hires from Wall Street’s biggest banks as the hedge-fund manager takes advantage of compensation cuts to strengthen its foothold in fixed-income markets.
William Yearick, an interest-rate options trader, left Deutsche Bank AG last month with plans to join the $35 billion fund manager, according to three people familiar with the matter. John Roach, a mortgage-debt trader, and Matt Siravo, a distressed-debt analyst, left Germany’s biggest lender for BlueCrest this year, people familiar with those moves said previously. They are joining at least four other debt traders hired from lenders including Morgan Stanley and Bank of America Corp. in the past two years.