Firm Advises Steering Clear Of 'Disappointing' BlueCrest Fund

Sep 14 2012 | 12:17pm ET

Like most hedge funds, BlueCrest Capital Management's listed fund of hedge funds has badly underperformed the broader markets.

The AllBlue Fund is up 4% over the past 12 months, Oriel Securities, which has begun to cover the London-listed vehicle, reports. And Oriel isn’t impressed.

The firm calls that return "disappointing" and gave AllBlue a negative recommendation.

"Over the last three years, returns have been more modest, with the NAV rising by only 20% since September 2009. We think that relatively low volatility in markets has been a factor in the lower returns delivered," Oriel wrote. "Over the past year, the NAV has risen 4%, ahead of the HFRX Global Hedge Fund Index, which has been flat."

Still, Oriel said that the fund, which invests in six underlying BlueCrest funds, "warrants further research and stands out in terms of its relatively high market capitalization (£818 million) and relatively narrow discount."


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

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

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

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.