Ex-BlueCrest Partners Favre, Germak Plan to Start Own Hedge Fund

(Bloomberg) Three former partners of BlueCrest Capital Management are starting a hedge fund, as their previous employer withdraws from the business of managing money for outside clients.Money managers Frederic Favre and Alexandre Germak are joining former BlueCrest partner Melanie Owen to start macro hedge fund firm Alpstone Capital later this year, according to Owen, who heads business development for the firm in London.

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