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Top trader quits Goldman
Creditflux Ltd. (February 1, 2004)
Goldman Sachs has lost Alan Gerstein, senior credit derivatives trader on its New York desk, to help manage newly established US fund, Blue Mountain Credit Alternative Fund.
The fund, which pursues structured credit and credit arbitrage strategies, is managed by BlueCrest Capital Management, a firm founded at the end of 2000 by ex-JP Morgan bankers Michael Platt and Bill Reeves.
At BlueCrest, Gerstein will be working with Andrew Feldstein, who is spearheading the launch of the North American arm of the London-headquartered firm. Feldstein is former co-head of North American structured products and derivatives marketing at JP Morgan in New York.
Gerstein was a trader at Goldman Sachs for 10 years, initially trading US treasuries before switching into credit.
"Alan has left for a great opportunity," says a spokesman for Goldman Sachs. "We are happy for him and wish him luck."
eh@creditflux.com | 
