European hedge fund firm BlueCrest is set to open its $1bn equity hedge fund to outside investors from April.
The hedge fund, dubbed BlueCrest Equity Strategies, returned 9.3% in 2014, reported Reuters citing marketing material.
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The company intends to double the fund’s assets in a first fundraising round after delivering annualized returns of 11.8%, with volatility of 6%, since the fund was rolled out in July 2013.
BlueCrest is a $14bn hedge fund firm, headed by billionaire Michael Platt.
