BlueCrest to liquidate funds in shock move to close client business

BlueCrest Capital Management has sent shockwaves through the credit hedge fund industry by announcing plans to hand back around $8 billion of its investors' money and to rebrand as a private investment partnership

TAGS: Redemption BlueCrest

Comment by: Anonymous. Posted 8 years ago [2015-12-01 23:57:18]

As the great J.P. Morgan once said: "Every man has two reasons for doing something. There's the reason he gives that sounds good. And then there's the real reason." It would be interesting to learn the "real reason" here for shunning fees on $8 billion.