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A number of traders who worked at British billionaire Michael
Platt's BlueCrest fund have launched new ventures since
BlueCrest closed on Dec. 1, 2015, including portfolio manager
Ardy Hashemi who received $200 million from Lighthouse to launch
a hedge fund.
Lighthouse, which manages approximately $8.5 billion in assets,
is giving its backing to ex-BlueCrest equities portfolio manager
Silvia Pace less than two months after Hashemi, the sources
said.
It is not known how much Lighthouse is giving Pace for her new
hedge fund, which will be initially closed to external
investors, one of the sources said.
A spokesman at Lighthouse declined to comment on Space.
A spokeswoman at BlueCrest did not respond to requests for
comment.
Space will adopt a "long/short" equities strategy, which
includes a tactic hedge funds employ where they borrow a stock,
betting that the price will fall.
Pace, 37, spent over three years at BlueCrest as a portfolio
manager before leaving in August to start Space, the sources
said. She is joined by Aron Ceccarelli, who specialized in
chemical and airline stocks at BlueCrest during his six-month
tenure at the now-shuttered firm.
Pace previously traded equities at Nomura International, hedge
fund Theorema Advisors and Societe Generale, filings from
Britain's financial regulator showed.
The sectors she focused on were consumer staples, discretionary
and chemicals.
(Reporting by Maiya Keidan. Editing by Jane Merriman)
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