BlueCrest Capital Management, a London-based hedge fund manager with more than $6bn (€5.1bn) in assets under management, is establishing a dedicated energy trading desk and has hired a former Goldman Sachs and Dynegy commodities trader to run it.

SparkSpread, the online energy news service, reports that Nigel Wakefield, a senior energy trader at New York-headquartered commodity fund Valhalla Capital Advisors, joined BlueCrest in London this week.