LONDON BlueCrest Capital Management has hired two former money managers from shuttered Visium Asset Management's London office.
Robert Bonte-Friedheim and Owen Taylor joined BlueCrest on Sept. 15 from Visium Asset UK, filings on the website of British regulator the Financial Conduct Authority showed.
Visium Asset Management, which once managed $8 billion, has returned most client money after founder Jacob Gottlieb decided to close the fund in the aftermath of an insider trading and fraud scandal involving some of his staff earlier this year.
Taylor will be joining ex-Visium money manager Nick Chetwynd-Talbot at BlueCrest to co-run consumer investments, after both ran separate portfolios at Visium, a source told Reuters.
A spokesman at BlueCrest confirmed Bonte-Friedheim and Taylor had joined the hedge fund but declined to comment on their new roles.
BlueCrest announced it was shutting its doors to external investment on Dec. 1 and is in the process of giving investors their money back, although would continue trading with staff and partners' money.
Visium did not respond to requests for comment.
(Reporting by Maiya Keidan; Editing by Alexander Smith)