BlueCrest Funds Rise In First Half

Sep 1 2011 | 12:00pm ET

BlueCrest Capital Management's flagship fund returned less than 2% in the first half, the firm said.

AllBlue rose 1.99% during the first six months of the year, thanks primarily to its investment in BlueCrest's International Fund, which rose 2.64% in the first half.

"Following a satisfactory year in 2010, the company has continued to deliver positive financial performance during the first six months of 2011 despite challenging market conditions," Chairman Richard Crowder said. "With an uncertain backdrop trading strategies have faced a challenging environment where markets have been driven by political factors, often resulting in severe dislocations. During this time, BlueCrest has continued to focus on limiting downside risk and preserving investor capital, whilst taking advantage of trading opportunities that have presented themselves."

Other BlueCrest funds were also in the black for the first half. BlueMatrix was up 3.32%, Multi-Strategy Credit 2.74% and BlueTrend 1.88%.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of