BlueCrest sheds traders as it winds down FX vol business

It is believed the decision stems from losses incurred by its foreign exchange business

Brexit
Big impact: BlueCrest is believed to have sustained substantial losses following the UK's Brexit vote

BlueCrest is in the process of winding down its FX vol fund as the macro environment continues to challenge hedge fund performance and returns. 

FX Week understands Girome Bono, head of FX options, is staying with BlueCrest to wind down the business, although it is uncertain whether he will remain at the firm in the long run. He joined BlueCrest in 2001, a year after the hedge fund was created.

Marcus Browning, who traded FX options, is one of those who have already left BlueCrest. He has joined

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