BlueCrest Said to Hire DW Investment’s Heelan to Build ABS Group
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BlueCrest Capital Management LLP, the $35 billion hedge-fund firm run by former JPMorgan Chase & Co. trader Michael Platt, hired DW Investment Management LP’s Shaun Heelan to boost its securitized-debt team.
Heelan, a former Bank of America Corp. trader, will be a portfolio manager focused on asset-backed securities and commercial-mortgage bonds, according to two people familiar with the move who asked not to be identified because it hasn’t been announced. He will be based in New York to oversee the fund’s securitized investments with John McNiff, who joined from Bank of America in May 2012, the people said.