BlueCrest AllBlue Fund Ltd Statement re Launch of Systematica (7990S)
September 29 2014 - 2:45AM
UK Regulatory
TIDMBABS TIDMBABE TIDMBABU
RNS Number : 7990S
BlueCrest AllBlue Fund Ltd
29 September 2014
BLUECREST ALLBLUE FUND LIMITED (the "Company")
BLUECREST TO LAUNCH SYSTEMATICA
The Board of BlueCrest AllBlue Fund Limited notes the
announcement on 26 September by BlueCrest Capital Management
Limited ("BlueCrest") in relation to the launch of Systematica
Investments ("Systematica"), the key extracts of which are set out
below. The investment objective of the Company remains unchanged,
which is to seek to provide consistent long-term capital growth
through investment in AllBlue Limited ("AllBlue"), and the launch
of Systematica is not expected to change AllBlue's investment
allocation into a diversified portfolio of underlying funds.
"BlueCrest has today announced its intention to launch an
independent firm, Systematica Investments, which will comprise its
systematic investment management business, under the leadership and
management of BlueCrest's current Head of Systematic Trading, Leda
Braga.
The launch of Systematica is expected in January 2015, and the
firm will initially have offices in Jersey, Geneva, New York,
London and Singapore. BlueCrest will retain an economic interest in
the business and the two organisations will continue to co-operate
in areas of mutual benefit and where operating efficiencies can be
achieved. It is envisaged that, at inception, the firm will have
approximately 100 staff, including substantially all of the
existing Systematic team at BlueCrest.
Subject to necessary approvals, Systematica will become the
investment manager of the $8.3bn BlueTrend programme in which
AllBlue Limited has and will continue to have an allocation.
BlueCrest, which will continue to be led by CEO and founder
Michael Platt, will focus primarily on discretionary trading
strategies managed within its two flagship fund structures,
BlueCrest Capital International and AllBlue, which have a combined
AUM of $17.8bn. BlueCrest will also continue to manage the
quantitative equity strategy within AllBlue."
29 September 2014
For further information about this announcement contact:
JTC (Guernsey) Limited
Secretary
Tel: 01481 702 400
E&OE - in transmission
This information is provided by RNS
The company news service from the London Stock Exchange
END
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