Following the sudden collapse of Simon Sadler’s Segantii Capital in May, numerous former employees have swiftly transitioned to new roles at rival hedge funds, with Jain Global and BlueCrest among the most active in recruiting them, according to a report by eFinancial Careers.

Bloomberg recently reported that four former Segantii employees had moved from its Hong Kong office to join Jain Global. Among these is Sung Kim, who has taken up a role as a senior quantitative researcher. Kim previously worked as a quantitative analyst at Segantii for just over a year, coming from Macquarie, with additional experience as a vice president of research at Millennium spinoff WorldQuant.

Beyond Hong Kong, Jain Global also attracted Ivan Cajic from Segantii, bringing him onboard in Toronto as a senior analyst focused on systematic index rebalancing. Cajic had spent over three years at Segantii working on index strategy and previously led global index research at Virtu Financial, joining Virtu after its acquisition of broker ITG.

Jain Global’s recruitment of former Segantii staff is part of an aggressive hiring strategy following a record $5.3bn fundraising round. Despite initial losses, the firm hopes that experienced talent from Segantii will contribute to a positive shift in its performance.

Meanwhile, in London, Mike Platt’s BlueCrest also recruited from Segantii, hiring infrastructure and platform engineering expert Pompiliu Popescu. Popescu had served as an IT infrastructure engineer at Segantii’s London office for four years and previously worked at RBC’s BlueBay asset management division and fintech OvalX, which, like Segantii, has since closed down.