Hedge Funds

BlueCrest reports oversubscription for AllBlue share offering


BlueCrest AllBlue Fund Limited, the publicly listed feeder fund for $20 billion hedge fund group BlueCrest Capital Management’s multi-strategy AllBlue product, has announced that its latest offering of shares has been oversubscribed.

In aggregate 52,592,649 new shares, representing 9.99% of the company’s listed share capital, have been placed by RBS Hoare Govett Limited and Dexion Capital plc with new and existing investors (including BlueCrest employees) – raising approximately £83.3 million of new money before expenses. 

Richard Crowder, chairman of the listed company, said: “This is BlueCrest AllBlue's second successful fundraising in four months. We are pleased to have been