Saturday, 23 May 2015
Last updated 16 hours ago
Oct 19 2012 | 11:08am ET
BlueCrest Capital, the $33 billion hedge find giant, has designed five brand new programs for its 'black box' BlueMatrix fund, reports Reuters.
The changes are intended to improve its use of computer algorithms to automatically trade assets.
A source familiar with the fund told the news agency that BlueCrest has added a program that looks at companies financial statements, one that considers analysts' recommendations, one that trades based on analysts' earnings revisions, one that looks at stocks' price-to-earnings ratios and one that uses trading signals from Leda Braga's $16 million BlueTrend fund.
The old BlueMatrix model has been left in the new system.
The fund's assets have risen from $560 million when the changes were presented to investors at the beginning of October to $620 million, said the source.
BlueCrest's AllBlue has a holding in BlueMatrix which it blamed for its 1.16% loss in H1 2012.
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…