Over the past few weeks, BlueCrest Capital Management's BlueTrend fund experienced one of its poorest peak-to-trough slumps. BlueCrest Capital Management was an alternative asset controlling business that was founded by Williams Reeves and Michael Platt in 2000. Subsequently, BlueTrend fund was one of the globe's largest computer-driven hedge funds.
Regulatory records revealed that in the middle of May 17 and June 28, BlueTrend fund lost 16.9%. This was brought about by a lister feeder fund's failure to channel resources into the US$16 billion worth hedge funds.
The feeder fund duplicated the operation of BlueTrend's leading fund. This was led by Lega Braga. Braga was a Brazilian woman who was prominent in the hedge fund industry.
BlueCrest Capital Management's representative refused to give a comment about the matter.
BlueTrend's performance directly reflected a loss of approximately US$2.7 billion in the foremost fund. This major fund, according to records, did not have a losing calendar year since it was launced in 2004.
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