{"id":10931,"date":"2009-07-01T00:00:00","date_gmt":"2009-07-01T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bluecrest-to-shut-asset-based-lending-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/bluecrest-to-shut-asset-based-lending-fund.html","title":{"rendered":"BlueCrest to shut asset-based lending fund"},"content":{"rendered":"<p>British asset manager Blue Crest is winding down its Specialty Asset Finance Fund after losses and redemptions forced the fund to close many positions at a heavy loss, sources familiar with the fund told Reuters.       <\/p>\n<p>BlueCrest declined to comment on the fund.<\/p>\n<p>Three industry sources said the fund, which had assets of $200 million late last year, is one of many using an asset based lending (ABL) Strategy to be vexed by redemptions this year, with leveraged funds such as BlueCrest&#8217;s hit particularly hard.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/uk.reuters.com\/article\/idUKLNE56001G20090701\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>British asset manager Blue Crest is winding down its Specialty Asset Finance Fund after losses and redemptions forced the fund to close many positions at a heavy loss, sources familiar with the fund told Reuters. BlueCrest declined to comment on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[13677,13678,929,4439,13675,13679,13676,4300,12719,129,4325,4326],"class_list":["post-10931","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-based-lending","tag-asset-finance","tag-asset-manager","tag-assets","tag-bluecrest","tag-crest","tag-finance-fund","tag-industry-sources","tag-leveraged-funds","tag-losses","tag-redemptions","tag-reuters"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10931"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10931\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}