Hedge Funds

BlueCrest raises £346m for listed AllBlue feeder

by

BlueCrest Capital Management has completed its largest fund-raising to date for its stockmarket-listed feeder into the AllBlue Fund, which invests across a range of internally-managed BlueCrest strategies. The recent issuance of C Shares in the BlueCrest AllBlue Limited vehicle raised a total of £348.6 million across sterling, euro and US dollar classes.

The underlying AllBlue fund - which allocates to the range of single-strategy funds run by BlueCrest - has performed consistently well, with an annualised return of over 12% since inception in September 2005.

The fund has never had a down year and has been one of the best hedge