hedgefunds
UK Hedge Fund Giant Closes Fund
Filed in archive Hedgetalk by Alex Akesson on September 13, 2007
UK Hedge Fund Giant Closes Fund
One of The U.K.'s largest hedge fund managers has closed a fund with assets of more than $500 million (EUR360 million) as market conditions continue to buffet the sector.
BlueCrest Capital Management, with almost $12 billion of assets under management at the end of June, last week told investors it was shutting an equity fund after a period of unacceptable performance.

The fund recorded losses of 8.2% for the first eight months of the year, including a 5.4% loss in August, according to a spokesman for the firm who said market conditions were "bizarre."



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