BlueCrest Revamps BlueMatrix Trading Program

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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...