Singapore hedge fund manager who quit for BlueCrest said to be retracing his steps

As we've noted before, working for BlueCrest, the family office of Mike Platt, has its foibles. They include the fact that while you get paid an unusually high 30% of your pnl, it's apparently paid over three years and can be clawed back if you make a loss. 

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It's not clear whether this is what turned Punit Kaji off BlueCrest, but he wasn't at the Singapore office for long enough to earn a multi-year deferred bonus anyway. Having joined BlueCrest's Singapore office in September 2023, we understand that Kaji has now left again. 

He's apparently gone back to hedge fund Dymon Asia, which is where he worked before. After spending nine years at Standard Chartered, where he was latterly the head of FX cash trading for Singapore, Kaji was at Dymon for nearly four years until March 2023. 

Dymon didn't respond to a request to comment. Nor did Kaji. It's understood that Kaji's BlueCrest pod may have been closed. 

Kaji's exit comes amidst comings and goings at Platt's family office. There have been various recent departures from the commodities team, for example. Aside from Kaji, Dymon Capital appears to be mostly hiring interns. 

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