Alan Gerstein, a senior credit derivatives trader at Goldman Sachs in New York, has been lured to structured credit start up BlueCrest North America. Andrew Feldstein, portfolio manager at BlueCrest in New York, who Gerstein reports into, confirmed the hire but declined further comment.
Feldstein set up the North American arm of London-based hedge fund manager BlueCrest Capital Management in the summer (DW, 8/11). The firm manages the Blue Mountain Credit Alternative Fund, which invests in structured credit and manages convertible arbitrage strategies.
At Goldman, Gerstein reported to Derek Smith, managing director in credit derivatives trading in New York. Smith declined to comment on whether Gerstein will be replaced.
