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In 2015, Bluecrest returned all outside capital to investors and transitioned into a family office, [2] which is a private investment partnership that manages money only for its partners and employees. [6] [7] The fund generated returns of 50% in 2016, 54% in 2017, [8] 25% in 2018 when the average hedge fund lost money, and 50% in 2019. [9]
In 2013, BlueCrest invested $50 million in Meredith Whitney's hedge fund, Kenbelle Capital. [15] In October of that year, BlueCrest made a redemption request, but while Kenbelle said it would comply, no repayment was forthcoming. The next year, BlueCrest sued in Bermuda to get its money back from the firm. In 2015, Whitney closed up shop and ...
The origins of Systematica can be traced to BlueTrend, a computer-driven fund using a managed futures strategy that was part of BlueCrest Capital Management. It was founded in 2004 by Brazilian-born Leda Braga. From 2004 to 2014, the fund averaged a return of over 11% a year and was one of BlueCrest's largest funds. [2] [3]
Hedge-fund legend Stanley Druckenmiller, who has never had a losing year in his three-decade career, told his 100 clients Wednesday that he's shutting his firm, according to a media report.
The estimated number of new hedge fund launches slid to only 80 in Q2, down sharply from 185 in the first quarter of the year, according to fresh data from indexation and analysis firm Hedge Fund ...
Co-founder of BlueCrest Capital Management hedge fund: William Huntington Reeves (born 1963/64) ... In 2009, he and Platt owned 75% of BlueCrest. [1] In 2010, he was ...
Hedge funds exited U.S. tech and media stocks in the two weeks to February 21 at the fastest pace in six months, according to Goldman Sachs, just as Nvidia, one of the biggest tech firms by market ...
Richard Cayne Perry (born February 9, 1955) [1] is an American hedge fund manager whose firm, Perry Capital LLC (closed in 2016) invested in several companies and, starting in 2012, owned a controlling interest in Barneys New York. Perry sold his controlling interest in Barneys New York in August 2019.