BlueCrest Capital Boosts Computing Power to Jump Start Sagging Hedge Fund

October 22nd, 2012
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Leading hedge fund, BlueCrest Capital went back to the drawing board to completely revamp its black box trading programs in response to poor results over the last few years. As reported by Reuters, BlueCrest is adding five additional computer programs to its BlueMatrix fund managed by Leda Braga.

The five new programs add to the capabilities of the BlueMatrix hedge fund to more quickly identify market trend changes. Among the new programs is one that automatically dissects the financial statements of companies to find trading opportunities. BlueCrest hopes to reverse several years of underperformance that has also inflicted other black box-managed futures hedge funds, such as Man Group which is also overhauling its programs.
For Detailed Investor Profiles on these Investors, click below:
BlueCrest Capital Management
Man Group plc
Related People: Emmanuel Roman; Jon Aisbitt; Michael Platt; William Reeves
Related Entities: AHL; BlueCrest Capital; BlueCrest Capital Management; BlueCrest Special Situations Fund LP; BlueCrest Strategic Ltd; BlueMountain Capital Management; GLG Partners; Man Global Strategies; Man Group Holdings; Man Investments
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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