BlueCrest Hires Ex-Citadel Trader Wheeler for Dubai Expansion - Bloomberg
Billionaire Michael Platt’s private investment firm is expanding operations to Dubai, with former Citadel money manager Chris Wheeler among those hired.
BlueCrest Capital Management is expected to start with 10 people, including at least three portfolio managers, according to people with knowledge of the matter. The firm plans to open an office in the Dubai financial district and trade imminently, said the people, who asked not to be identified because the details are private.
Wheeler and a spokesman for BlueCrest declined to comment.
The firm, which runs Platt’s wealth and that of his partners, joins peers such as Schonfeld Strategic Advisors and Brevan Howard Asset Management in expanding to Dubai as the city emerges as one of the newest hubs for hedge fund talent. Such firms rely on a group of traders running different strategies across multiple investment teams.
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