BlueCrest In Largest Hedge Fund Share Sale In Two Years

Jun 21 2010 | 1:48pm ET

BlueCrest Capital Management raised £349 million (US$517 million) for its listed hedge fund, the largest such share sale in more than two years.

The US$19 billion London-based firm took in twice as much as it was seeking for the AllBlue Fund. The C-share listing was the largest hedge fund share capital raise since May 2008, and the second for AllBlue in seven months. The £809 million fund—now the third-largest hedge fund listed in London—raised £101 million in December.

AllBlue serves as a feeder fund for BlueCrest’s Cayman Islands-based fund of hedge funds vehicle.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note