Mon, Sep 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BlueCrest’ systematic trend following hedge fund loses almost 17% in six weeks - Reuters

Friday, July 05, 2013

Benedicte Gravrand, Opalesque Geneva:

The BlueTrend fund, one of BlueCrest Capital Management’s systematic trend-following hedge funds, has recently had one of its worst ever peak-to-trough losses, writes Laurence Fletcher of Reuters. He adds that a listed feeder fund that channels capital into the $16 billion BlueTrend fund has indeed lost 16.9% between May 17 and June 28. The Feeder replicates the performance of the flagship fund. This equates to a loss of around $2.7bn in the main fund, which has never had a losing calendar year since its 2004 launch.

According to Trustnet.com, BlueCrest’s BlueTrend fund (USD class)’s estimated NAV of the fund’s ordinary share was $0.89 as of 28th June.

Bloomberg reported last week that the $14 billion hedge fund BlueTrend had lost 8.3% in June (and -9.2% in 2013). The fund produced an average annual return of 12.9% since its inception in 2004.

Systematic funds did not fare well in May either. The Barclay CTA Index went down 1.31% in May (+0.61% YTD). "May’s tren......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N