Statement re Half Yearly Results

RNS Number : 3899N

BlueCrest AllBlue Fund Ltd

31 August 2011

 



BlueCrest AllBlue Fund Limited

(the "Company")

BlueCrestAllBlue Fund Limited is pleased to announce its results for the half year ending 30 June 2011.

Richard Crowder, Chairman of the Company, commented:

"Following a satisfactory year in 2010, the Company has continued to deliver positive financial performance during the first six months of 2011 despite challenging market conditions. With an uncertain backdrop trading strategies have faced a challenging environment where markets have been driven by political factors, often resulting in severe dislocations.  During this time BlueCrest has continued to focus on limiting downside risk and preserving investor capital, whilst taking advantage of trading opportunities that have presented themselves."

Highlights*:

·     The Company returned 1.99%** for the six month period to 30 June 2011.

·     During the first half of the year BlueCrest Capital International, with its focus on interest rate trading, has been the largest single contributor to the performance of AllBlue, the fund into which the Company invests, and has been held as the highest allocation within the portfolio.

·     The key contributors to the performance of the Company in the reporting period were the following underlying funds:

§ BlueCrest Capital International generated a return of 2.64%*** for the first half of 2011.

§ BlueTrend generated a return of 1.88%*** for the first half of 2011.

§ BlueCrest Multi Strategy Credit generated a return of 2.74%*** for the first half of 2011.

§ BlueMatrix generated a return of 3.32%*** for the first half of 2011.

As at 30 June 2011, the investment portfolio of AllBlue was allocated on the following basis amongst the underlying funds:

Underlying fund	Allocation %
BlueCrest Capital International Limited	28
BlueCrest Multi Strategy Credit Fund Limited	20
BlueCrest Emerging Markets Fund Limited	19
BlueTrend Fund Limited	16
BlueCrest Mercantile Fund Limited	12
BlueMatrix Fund Limited	3
BlueCube Limited	2

*The highlights referring to AllBlue Limited ("AllBlue") have been extracted from the Report by the Investment Manager of AllBlue.  On the invitation of the directors of the Company, this commentary has been provided by BlueCrest Capital Management LLP ("BlueCrest") as investment manager of AllBlue and is provided without any warranty as to its accuracy and without any liability incurred on the part of the Company, BlueCrest or AllBlue. The commentary is not intended to constitute, and should not be construed as, investment advice. Potential investors in the Company should seek their own independent financial advice and may not rely on this communication in evaluating the merits of investing in the Company. The commentary is provided as a source of information for shareholders of the Company but is not attributable to the Company.

** Refers to Ordinary Sterling Share NAV of the Company.

*** Refers to Class A, US Dollar Shares of AllBlue Limited.

Media enquiries:

M:Communications

Ed Orlebar,     Tel: [phone]            [e-mail] 

James Wallis, Tel: [phone]            [e-mail] 

 

END

 

 

STRUAONRAKAWOAR