29th Sep 2014 11:41
LONDON (Alliance News) - BlueCrest AllBlue Fund Ltd and BlueCrest BlueTrend Ltd remained confident their investment strategies Monday, as they noted the planned launch of Systematica Investments by BlueCrest Capital Management Ltd.
BlueCrest AllBlue Fund said its investment objective remains unchanged. It seeks to provide consistent long-term capital growth through investment in AllBlue Ltd. It also said the launch of Systematica is not expected to change its investment allocation into a diversified portfolio of underlying funds.
Separately, BlueCrest BlueTrend said BlueCrest Capital Management will continue to have an economic interest in the business. It said the two organisations will "co-operate in areas of mutual benefit and where operating efficiencies can be achieved."
"Accordingly, the day to day management of the company and its investment strategy will be unaffected," BlueCrest BlueTrend said.
BlueCrest AllBlue Fund sterling shares were Monday quoted down 0.3% at 186.50 pence. Its euro shares were down 1.0% at EUR1.79. Its dollar shares were flat at USD1.77.
BlueCrest BlueTrend shares were Monday quoted down 0.3% at 95.75p.
By Samuel Agini; [email protected]; @samuelagini
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