WSJ – BlueCrest is considering closing one of its best performing funds to new investors in a sign that the sector has experienced a marked turnaround in fortunes, with investors looking to invest money into established blue-chip hedge fund managers.
The $17.2 billion (EUR12.3 billion) hedge fund manager is considering closing the $9 billion systematic BlueTrend fund, which uses computer-driven models, when it hits $10 billion, according to investors.
The fund, which is managed by Leda Braga, returned 43% in 2008, when many of its peers took bad knocks to performance during the financial crisis, and was again up 4.3% last year, investors said.
