Proposed Fund Raising

RNS Number : 3130C

BlueCrest AllBlue Fund Ltd

11 November 2009

 

BlueCrest AllBlue Fund Limited (the "Company")

Proposed Fundraising

In response to investor demand, the Board of BlueCrest AllBlue Fund Limited announces that the Company is considering, in the absence of unforeseen circumstances, a placing and offer for subscription of C Shares. As at 30 October 2009, the Company’s sterling class NAV was 150.9p, representing a 20.47% YTD return and a 13.48% annualised return since inception in June 2006. A further announcement containing details of the issue and the proposed timetable will follow in due course.

BlueCrest AllBlue Fund Limited is a Guernsey incorporated, closed-ended investment company. The investment objective of the Company is to provide its Sterling, US Dollar and Euro shareholders with consistent long-term capital growth through an investment policy of investing substantially all its assets in AllBlue Limited.

The AllBlue programme has approximately $3bn of assets under management and provides a single manager, multi-fund approach with transparent attribution among seven discretionary and systematic trading strategies managed by BlueCrest Capital Management LLP. These include the flagship discretionary fund BlueCrest Capital International Limited, which operates a fixed income focused mixed arbitrage strategy, and the flagship systematic fund, BlueTrend Fund Limited. Other strategies offer exposure to emerging markets, credit, and market-neutral equity trading respectively, all within highly liquid funds.

Richard Crowder, Chairman, commented:

“BlueCrest Capital Management LLP has advised the Company that it is confident that the attractive environment of 2009 is set to continue, particularly in trading strategies and the AllBlue fund is well placed to take advantage of this given its range of underlying strategies.”

Enquiries:

Secretary Anson Fund Managers Limited	Tel: [phone]
Gary Gould RBS Hoare Govett Limited	Tel: [phone]
Ed Orlebar/Caroline Villiers/Louise Hatch M:Communications	Tel: [phone]

11 November 2009

E&OE - in transmission

 

END

 

 

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