AllBlue Issue by BlueCrest Capital nets over $500 Million

June 27th, 2010
| More
London-based hedge fund manager BlueCrest Capital has raised approximately $524 million (£350 million) from new shares in AllBlue Limited, the firm’s FTSE-listed investment vehicle. According to Financial Times, AllBlue Limited has returned 4.69% so far in 2010, and its positive performance could indicate recovering demand for hedge fund products and the increasing appeal of listed investment vehicles for alternative investment managers

Share capital invested in AllBlue Limited is first invested in the separate AllBlue fund and then into BlueCrest’s other hedge funds, including BlueCrest International and BlueTrend. The $524 million raised from the new share launch was more than double what BlueCrest Capital had anticipated, raising AllBlue’s market capitalization to $1.2 billion.
For Detailed Investor Profiles on these Investors, click below:
BlueCrest Capital Management
Related People: Michael Platt; William Reeves
Related Entities: BlueCrest Capital; BlueCrest Special Situations Fund LP; BlueCrest Strategic Ltd; BlueMountain Capital Management; Man Group Holdings
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings


More Recent Headlines

Polar Capital’s assets keep steady in rough market

Andrew Hall’s Astenbeck Capital raises more than $1 billion for new commodities hedge fund

Threadneedle launches American Absolute Alpha Fund

Third Point’s Daniel Loeb discusses portfolio adjustments and the SEC’s dropped investigation

Peter Cohen’s Ramius plans to liquidate two multi-strategy hedge funds

Orkla Finans closing down Energy and Carbon funds

Bill Browder’s Hermitage Capital turns towards emerging markets

Shareholder Activist Update: JANA Partners and Neuberger Berman against Charles River acquisition

Bankrupt BP - Worse for the Financial World than Lehman Brothers?

Schroders plc acquires 49% stake in RWC Partners