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Hedge Funds

JPMorgan To Manage $1.2B Of BlueCrest Hedge Fund Cash

by bloomberg.com posted 2years ago 5470 views
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. JPMorgan Asset Management is taking over managing 804 million pounds ($1.2 billion) for BlueCrest AllBlue Fund Ltd., giving shareholders an alternative investment opportunity after the hedge fund said it’s returning capital to outside investors. The transfer, which is subject to approval by BlueCrest shareholders, will see the assets invested in JPMorgan’s Highbridge Multi-Strategy hedge fund, according to a statement by BlueCrest on Thursday. Investors will have the opportunity to exit the...