BlueCrest Raises $164 Million Through Share Offering

Dec 11 2009 | 1:17pm ET

Europe’s third larges hedge fund firm BlueCrest Capital Management has raised £101 million ($164.5 million) through a new share issuance for its BlueCrest AllBlue fund.

The publically-listed BlueCrest AllBlue fund now manages approximately £440.3 million. It serves as a feeder fund for the firm’s Cayman Islands-based fund of hedge funds vehicle.

London-based BlueCrest Capital Management was established in 2000. It is now 25% owned by Man Group Holdings, which is ultimately owned by Man Group, with the balance owned by its principals. 

The secretive hedge fund firm has approximately $15 billion in assets under management.


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