If you're a trader at Goldman Sachs and you're thinking of joining a hedge fund, you have one clear choice in 2019: BlueCrest Capital Management. Former Goldman traders seem to be making their way there on both sides of the Atlantic.
The latest ex-Goldman arrival at BlueCrest is Jaymal Nathwani, who arrived this month as a junior portfolio manager. Nathwani follows Dan Bitel, Goldman's head of European swaps trading, who also joined BlueCrest in London, and Anthony Rodriguez, a US macro sales trading analyst, who joined BlueCrest in New York.
Unlike Bitel and Rodriguez, Nathwani didn't go to BlueCrest directly. After leaving Goldman in 2018, he instead spent a year at debt and private equity investment firm GEMCORP. He also travelled widely around the world, taking photographs which have been exhibited in a gallery in London's Shoreditch.
Nathwani isn't the only artistic ex-Goldman trader to join BlueCrest. Seven years ago, the fund hired Jihan Bowes-Little, a hip-hop artist who spent the first seven years of his career at GS. Bowes-Little left again in 2016 and now runs an investment management company in Los Angeles.
BlueCrest became a family office in 2015, and has a reputation for paying generously (think 20% of pnl). Headhunters say it's doubling down on fixed income hires after laying off various members of its equities team in 2017.
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