Wednesday, 6 May 2015
Last updated 16 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…