Saturday, 26 July 2014
Last updated 18 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.
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…