Blue Crest teams up with Algorithmics

BlueCrest Capital Management L.P., one of the biggest hedge funds in Europe, has deployed Algorithmics’ Algo Risk Service for its risk management practice.

Jonathan Martin, head of risk at BlueCrest, said: 'We have a risk system in production that is configured to our unique requirements, can grow with our business, and includes responsive support from people dedicated to addressing our needs.'

Dr Andrew Aziz, Algorithmics’ executive vice president of Risk Solutions, added: ‘Unique in the market, Algo Risk Service provides unmatched instrument coverage across all asset classes and investment strategies, in particular, addressing BlueCrest's strong position in credit derivatives and OTC products in general.’