Markham Rae, the hedge fund manager set up in 2010 by former BlueCrest Capital Management risk chief Jonathan Martin, has recruited two former BlueCrest staff as partners.

Luigi La Ferla, who spent 15 years at Morgan Grenfell and its subsequent parent Deutsche Bank during the 1980s and 1990s, joined Knightsbridge-based Markham Rae as a partner at the end of last month, according to the Financial Services Register.