BlueCrest Capital Management has selected HSBC Securities Services to provide administration services to its fund, HFMWeek reports. The European hedge fund is also seeking to switch at least one fund from its existing provider GlobeOp within the next six months.
The $26.8 billion fund manager is yet to decide the funds that will be transferred from GlobeOp to HSBC. BlueCrest will also continue to work with GlobeOp, which administers about 20 funds for BlueCrest.
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