Ex-Bluecrest PM Hashemi Said to Planning New European L/S Equity Fund

Nov 8 2016 | 10:19pm ET

Former BlueCrest portfolio manager Ardy Hashemi is prepping a new equity long/short hedge fund that will focus on European stocks.

The new fund, which will reportedly be named Hashemi Asset Management and launch early in the new year, has been seeded with $200 million from $8.5 billion alternative asset manager manager Lighthouse Investment Partners, according to a Reuters article citing unidentified sources. 

Hashemi is the latest executive to leave Michael Platt’s $8 billion BlueCrest Capital Management following its decision in December 2015 to close to outside investors, including quant specialist Takashi Makita, Frederic Favre, Alexandre Germak, and Nikolay Aleksandrov, while a team run by Franke Fehle was snapped up by Citadel in early October and Tej Johar started a new event-driven fund in London.

Hashemi joined BlueCrest in April 2013 and managed a long/short equities portfolio, according to Reuters. Beforehand, he worked at Nomura and hedge Millennium Capital Partners.

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