Statement re Continuation Resolutions

RNS Number : 1629A

BlueCrest AllBlue Fund Ltd

15 March 2013

 



15 March 2013

BLUECREST ALLBLUE FUND LIMITED

Continuation Resolutions

Introduction

BlueCrest AllBlue Fund Limited (the "Company") has today published a Circular to Shareholders in connection with the Continuation Resolutions of the Company's Sterling Shares, Euro Shares and US Dollar Shares. 

Notices convening the Class Meetings of the Company to be held from 11.00 a.m. on 17 April 2013 are set out in the Circular. At each of the Class Meetings an ordinary resolution will be proposed that shares of such class will continue in issue.

Performance of the Company

As at 31 January 2013, the Company had estimated aggregate net assets of approximately £957 million. The Company is the second largest listed closed-end hedge fund globally and has been a FTSE 250 index constituent since 22 December 2008.

The following table shows the NAV performance of the Ordinary Shares as at 31 January 2013 and the corresponding levels of volatility as compared with widely used hedge fund, traditional equity and government bond indices over various time periods and since the Company's inception:

Performance to 31 January 2013	Sterling Shares1	Euro Shares1	US Dollar Shares1	HFRI Fund Weighted Composite Index2	MSCI World Index Gross (total return)3	Barclays Capital Global Aggregate Government Index (total return)3
Annualised NAV returns Last 12 months	6.79%	6.18%	6.14%	6.13%	13.26%	4.11%
3 years	5.53%	5.52%	5.06%	4.71%	7.88%	4.69%
5 years	9.41%	9.24%	8.48%	2.61%	-0.84%	4.82%
Since inception4	9.62%	9.03%	8.87%	3.93%	0.92%	5.33%
Annualised Volatility5 Last 12 months	2.42%	2.41%	2.40%	4.71%	13.12%	1.80%
3 years	2.94%	2.91%	2.95%	6.20%	17.05%	2.23%
5 years	3.51%	3.49%	3.50%	7.71%	20.70%	2.76%
Since inception4	4.55%	4.44%	4.44%	7.16%	18.59%	2.66%

1.             Source: The Company.

2.             Source: Hedge Fund Research Inc. The HFRI Fund Weighted Composite Index is a US$ based index.

3.             Source: Bloomberg. The MSCI World Index and the Barclays Capital Global Aggregate Government Index are US$ based indices.

4.             For the period from 31 May 2006.

5.             Assumptions for calculation methodology for volatility: If Ri are the monthly returns then annualised volatility = stdev(Ri) * √12. 

The statistics shown in the table above are for illustrative purposes only and do not represent forecasts of returns or volatility.

Further Information

Further details of the Continuation Resolutions are set out in the Circular. 

Expected Timetable

Latest time and date for receipt of blue Forms of Proxy for the Sterling Meeting	11.00 a.m. on Monday 15 April  2013
Latest time and date for receipt of pink Forms of Proxy for the Euro Meeting	11.10 a.m. on Monday 15 April 2013
Latest time and date for receipt of yellow Forms of Proxy for the US Dollar Meeting	11.20 a.m. on Monday 15 April 2013
Sterling Meeting of the Company	11.00 a.m. on Wednesday 17 April 2013
Euro Meeting of the Company	11.10 a.m. on Wednesday 17 April 2013
US Dollar Meeting of the Company	11.20 a.m. on Wednesday 17 April 2013

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular dated 15 March 2013.

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at:

http://www.morningstar.co.uk/uk/nsm

The Circular and each proxy form can also be downloaded from the Company's website at:

http://www.bluecrestallblue.com

Enquiries:

For further information contact:

Anson Fund Managers Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

END

 

 

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