HedgeCo News - Marcin Wiszniewski, a 14 year veteran of Morgan Stanley has quit his job to join the $18.3 billion hedge fund, BlueCrest Capital Management, the Wall Street Journal Reports.
Wiszniewski joins the London hedge fund May 10, as a portfolio manager for the hedge fund’s $500 million BlueCrest Emerging Markets Fund.
Wiszniewski was co-head of European foreign exchange and emerging markets at Morgan Stanley, previous co-heads who have left Morgan Stanley include Bart Turtelboom and Karim Abdel-Motall who were hired by London hedge fund firm GLG Partners.
Wiszniewski is the fourth Morgan Stanley senior trader to leave this year, the newspaper reported. Eric Cole is moving to hedge fund Appaloosa Management. Ahsim Khan is set to join Europe’s largest hedge fund firm, Brevan Howard. Geoffroy Houlot has already left in January to join the $30 billion hedge fund, the Wall Street Journal said.
BlueCrest Capital Management LLP is founded by Michael Platt and William Reeves, both former Managing Directors and senior proprietary traders at JP Morgan, who left to establish BlueCrest in 2000. The Hedge fund is 25% owned by Man Group Holdings.
25 Mar 2010
Hedge Fund Founder Sued in Atlanta
HedgeCo News - Robert L. Duncan, an Atlanta hedge fund manager is being accused of misleading investors. His fund, Seaside Partners Fund LP. is being sued by an Atlanta trust and two investment managers, the Piedmont Family Office Fund LP and West Mountain Partners LP., according to a report by the Wall Street Journal.
Duncan will appear on Friday in Fulton County Superior Court in Atlanta. His clients allege that Duncan had been faking his performance numbers and forging statements since 2006. The clients claim that Duncan confessed his fraud to them in a private meeting.
The Wall Street Journal spoke to the hedge fund manager by phone and Duncan is reported to have said he was trying to work out how to return his clients' money. "I want everyone to have their money back," said Duncan, without answering further questions.
Seaside Partners Fund has approximately $20 million in assets under management and the alleged fraud is considered to reach $4.5 million.
Duncan will appear on Friday in Fulton County Superior Court in Atlanta. His clients allege that Duncan had been faking his performance numbers and forging statements since 2006. The clients claim that Duncan confessed his fraud to them in a private meeting.
The Wall Street Journal spoke to the hedge fund manager by phone and Duncan is reported to have said he was trying to work out how to return his clients' money. "I want everyone to have their money back," said Duncan, without answering further questions.
Seaside Partners Fund has approximately $20 million in assets under management and the alleged fraud is considered to reach $4.5 million.
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