Friday, 3 July 2015
Last updated 7 hours ago
Jul 5 2013 | 10:09am ET
The last six weeks have been the worst ever for BlueCrest Capital Management's flagship US$16 billion strategy.
The BlueTrend Fund fell 16.9% between May 17 and June, according to regulatory filings from its listed feeder fund, Reuters reports. That would be the quantitative strategy's worst-ever peak-to-trough loss, costing it roughly US$2.7 billion.
BlueTrend's previous worst peak-to-trough loss was 12.55% in 2006.
With the recent declined, BlueTrend is down 10.9% on the year.
May 27 2015 | 2:15pm ET
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