Overview
BABS, BABE, BABU, BBTS : Bluecrest spinning out systematic trading business
Blucrest, managers of the Bluecrest BlueTrend and Bluecrest AllBlue funds, have announced that the systematic trading operations of the company are to be spun out into a separate vehicle, Systematica. The firm will launch in January 2015, and will initially have offices in Jersey, Geneva, New York, London and Singapore and about 100 staff. Systematica will be the manager of the BlueTrend programme which accounts for all of the assets of Bluecrest BlueTrend and part of those of Bluecrest AllBlue.