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Bluecrest Allblue Fund seees strong returns thanks to uncertainties over Greece

Thu, 18th Jun 2015 13:58

British investment group Bluecrest Allblue Fund has welcomed strongest returns coming from the short bias to European rates in May.May is usually a calmer month in the markets after the volatility of April, but European government bond markets continued to experience very choppy conditions.The company said good opportunities in terms of volatility in fixed interest markets remain thanks to uncertainties over Greece and a US rate hike.However, Bluecrest reduced its allocation to its emerging markets division by 2% to 7%.Although the strategy resulted in strong returns in May, up 1.5%, the company said it is "increasingly cautious on emerging markets with distress observed in a number of markets and better opportunities in developed fixed interest".Furthermore, despite flat equity markets, its equity strategies division's revenues were up 2.1%.Shares were up 0.11% to 188.6p on Thursday at 14:34.
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26 Mar 2012 09:35

BlueCrest rejigs to ditch its overdraft facility

Investment company BlueCrest AllBlue is to make an esoteric change to its fund allocation strategy in order to get shot of its overdraft facility. The company, which invests all of its money into various AllBlue-branded funds managed by privately owned BlueCrest Capital Management, has placed an or

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4 Apr 2011 17:40

FTSE 250 movers: Cranswick disappoints

East Yorkshire-based pork supplier Cranswick said results for the year to 31 March 2011 will be broadly in line with expectations, disappointing investors it seems. Close Brothers was lower after making an agreed bid for Cavanagh Group in a deal that values the AIM-quoted independent financial advi

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4 Apr 2011 11:00

Bluecrest Allblue returns 8.18%

Bluecrest Allblue, the investment company, returned 8.18% for 2010, a year that saw it complete two fundraisings. The company's biggest division, BlueCrest Capital International, which accounts for 30% of funds, led the way, returning 12.82%. "The company's shares continued to trade at a premium t

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15 Sep 2010 07:40

Investors want more BlueCrest shares

Strong demand for its shares has prompted investment company BlueCrest AllBlue Fund to increase its shares in issue by just under one-tenth through a share placing. "This proposed placing responds to the considerable demand we have witnessed from investors following the company's successful £349m f

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22 Jun 2010 06:47

Tuesday tips round-up: Intercontinental Hotels, Domino Printing, GW Pharmaceuticals

Intercontinental Hotels, which yesterday relaunched its 2,500th Holiday Inn hotel, has had what can only be described as an excellent run of late. The shares are up about 18% since 25 May, and are more than 30% ahead of the levels seen at the beginning of the year. In terms of enterprise value to e

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21 Jun 2010 08:38

BlueCrest AllBlue Beats Tough Markets With GBP349M Share Sale

By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BlueCrest AllBlue Fund Ltd. (BABS.LN), the London-listed investment company that tracks the performance of several hedge funds run by BlueCrest Capital, beat expectations and tough market conditions by raising GBP349 million in new

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21 Jun 2010 07:32

BlueCrest AllBlue Fund Raises GBP348.6M Via C Share Issue

LONDON (Dow Jones)--BlueCrest AllBlue Fund Ltd. (BABS.LN), a trust dedicated to investing in AllBlue Ltd., a fund of hedge funds, said Monday applications have been received pursuant to the issue for C shares with an aggregate value of GBP348.6 million. MAIN FACTS: -Applications comprise GBP

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25 May 2010 06:47

Tuesday tips round-up: Invensys, Elementis, Cranswick

Invensys revealed yesterday its order book grew from £2bn to £2.3bn, and the company has been especially focusing on emerging markets, which account for 40% of orders. It has £363m in cash on the balance sheetand there could still be value to be found as the economy recovers. Buy says the Independ

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19 May 2010 17:59

BlueCrest AllBlue sees reduced volatility

Investment company BlueCrest AllBlue said the sources of return and risk within the company have remained consistent with those seen during the second half of 2009, the overall level of volatility decreased to slightly below the firm's target range. The net asset value (NAV) of the sterling denomin

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4 Dec 2009 06:40

Friday tips round-up: Go-Ahead, Halma, Marston's

Bus and train group Go-Ahead is retaining some legacy contracts at Heathrow that are scheduled to run until 2011, and it is holding on to the Meteor car parking business, but the focus is firmly on public transport. Cue the acquisition of Plymouth CityBus, which has a fleet of more than 170 buses

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3 Dec 2009 08:09

BlueCrest AllBlue broadens capital base

BlueCrest AllBlue Fund, the investment company previously known as Close AllBlue, has unveiled a placing and offer for subscription of variably priced C shares. The company will issue C shares denominated in sterling, euro and US dollars, with the placing targeted at professional investors and high

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11 Nov 2009 09:28

Small caps round-up: Cobra Bio-Manufacturing, Cadogan, Oilex...

Cobra Bio-Manufacturing is is discussions which may or may not lead to an offer being made for the company. In a standard statement, Cobra said the talks still remain at a preliminary stage. Cadogan Petroleum continues to reduce expenditure whilst re-evaluating its oil and gas assets in Ukraine. Ca

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