Most BlueCrest Funds Post December Gains

Jan 24 2014 | 12:32pm ET

Much of the attention paid to BlueCrest Capital Management's 2013 has fallen on the firm's BlueTrend fund, which suffered its first-ever losing year. But the firm wasn't mourning exclusively in December.

Four of BlueCrest's six funds posted gains last month. The firm's Multi-Strategy Credit Fund added 1.8% on the month, posting gains on both investment-grade and high-yield investments.

Only BlueTrend and BlueCrest's International fund fell in December, the firm said in a press-release.

The $34 billion firm also trumpeted its growing headcount, noting that "staff numbers are now close to 600," with new offices in São Paulo, Brazil and Toronto.

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