Sat, Aug 27, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new