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.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
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.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
