|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.
|Hedge Fund Lists|