Hedge Funds

BlueCrest announces new AllBlue share placing to raise £80m


BlueCrest AllBlue, the listed, closed-ended investment company that provides exposure to seven underlying BlueCrest Capital Management funds, has announced a proposed placing for cash of new ordinary shares, representing up to 9.99% of each class of the company’s issued ordinary share capital.

The move follows hot on the heels of a highly successful issue of shares in June, which raised £348.6 million across sterling, euro and US dollar classes, bringing aggregate net assets for the AllBlue feeder to around £808.7 million.

The AllBlue board is aware of significant interest in its shares from a range of investors, and so is