BlueCrest Capital Management has decided to move its headquarters from Guernsey to Jersey at the end of this year, reported Bloomberg.
The hedge fund firm, co-founded by Michael Platt, has applied to become licensed and regulated by the Jersey Financial Services Commission.
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"Jersey has a deep pool of talent for staffing BlueCrest’s corporate headquarters," the publication quoted Ed Orlebar, a spokesman for the firm, as saying.
BlueCrest Capital’s assets fell to about $25.2bn last month from $27.1bn at the beginning of September, according to an investor update seen by Bloomberg News.
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