BlueTrend Plummets, Down Double-Digits Through June

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.

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