Fake BlueCrest Hawking Fake Hedge Fund

Aug 7 2012 | 1:12am ET

It seems there are two BlueCrest Capital Managements in the U.K. right now: the real one and a fake one.

The latter appears to running a boiler-room scam, offering British investors a BlueCrest hedge fund that doesn’t exist. The Financial Services Authority published an alert on the matter in June.

“The entity named above is using the name, address and employee details of an FSA authorized firm,” the regulator wrote. But the real BlueCrest has “no association whatsoever with the organization discussed above that is identifying itself as the ‘BlueCrest Capital Management,’ promoting the ‘BlueCrest New Investment Capital Hedge Fund (NewCap).’”

“The authorized firm BlueCrest Capital Management (UK) LLP advises that there is no such BlueCrest fund named as the “BlueCrest New Investment Capital Hedge Fund (NewCap).”

The real BlueCrest has more than US$30 billion in assets under management.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.