New York (HedgeCo.net) – Leda Braga is considered one of the top ladies in the hedge fund industry and some consider her the top female manager. Braga had been with BlueCrest Capital Management from 2001 through the end of 2014. In January, Braga spun off Systematica Investments from BlueCrest and according to a recent report from Business Insider, Systematica recently surpassed BlueCrest in AUM with $8.8 billion in Systematica and $7.9 billion in BlueCrest.

When Braga spun off Systematica, BlueCrest took a 49% stake in the firm, but they are now selling most of that stake to Affiliated Managers Group. According to an article from Bloomberg, BlueCrest’s stake will drop below 25% after the sell and the investment from AMG is valued between $300 and $350 million.

Systematica’s main fund gained 12.7% in 2014 and is up just over 4% so far in 2015. The $8.8 billion in AUM makes Braga the top female hedge fund manager in terms of assets.

Rick Pendergraft
Research Analyst
HedgeCoVest