Friday, 25 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…