Friday, 31 July 2015
Last updated 10 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
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…