Hedge Funds

BlueCrest adds BlueCube to growing quant line-up


The launch in October of a second quantitative equity strategy underlines the continued expansion of the systematic trading business at BlueCrest Capital Management, the $15 billion global multi-strategy hedge fund group led by Mike Platt.

BlueCrest is rare among the major discretionary global hedge fund trading groups in successfully building a big systematic side to its business as well.

The systematic trading strategies, overseen by BlueCrest president Leda Braga, now account for just over 50% of the firm's assets - with the bulk being run in the highly successful BlueTrend CTA-style strategy.

The new multi-strategy equity market-neutral fund, which is