Overview
Bluecrest BlueTrend’s investment objective is to seek to achieve long term appreciation in the value of its assets. Bluecrest BlueTrend is a feeder fund and pursues its investment objective by principally investing its assets in BlueTrend Fund Limited (“BlueTrend Fund”) which in turn invests into the market through an investment in BlueTrend Master Fund Limited (“BlueTrend Master Fund”). The BlueTrend programme is BlueCrest’s flagship systematic trending programme. The BlueTrend programme is a trend following programme which aims to capture market trends.
At an EGM on 17 November 2015, shareholders approved the voluntary liquidation of the company, with settlement of initial tranche of winding up monies expected around 4 December 2015 and the the remaining sterling shares delisting on 11 December 2015. The company’s US Dollar share class was closed in July 2015.
News
-
16 Oct 2015 1 min read
BlueCrest BlueTrend proposes wind up
BlueCrest BlueTrend has announced that, following completion of the tender offer made in June 2014 by BlueCrest BlueTrend Limited (the “Company”), the Directors have continued to monitor the Company’s size against the provision in the Company’s articles of incorporation that requires a continuation vote to be put to shareholders if the average net asset value […]
-
28 Aug 2015 1 min read
27 August interim results roundup
A quick summary of interim results for periods ended 30 June 2015 announced on 27 August 2015 Ashmore Global Opportunities The Company’s Net Asset Values (“NAVs”) per share have fallen slightly from $5.28 and 521p at the end of 2014 to $5.20 and 511p as at 30 June 2015. The US$ and GBP share prices […]
-
24 Apr 2015 1 min read
BlueCrest BlueTrend benefits from yield contraction
Over the course of 2014 BlueCrest BlueTrend’s net asset value rose by 16.4%. At the end of the year the shares traded on a 3.5% discount. they bought back 30m Sterling shares and got rid of the US dollar share class as investors exited it. The Chairman’s statement says that the strongest performance came in […]
-
14 Jan 2015 1 min read
BlueCrest BlueTrend continuation vote
BlueCrest BlueTrend announced today that as the average of the Company’s monthly net asset value as at the end of October, November and December 2014 was less than US$100m, it will hold a continuation vote (this is a requirement under the company’s articles). They say Notice convening the general meeting will be published by no later than […]
-
10 Jul 2014 1 min read
BlueCrest BlueTrend : BBTU – US Dollar share class to close around 17 July
BlueCrest BlueTrend’s US Dollar share class no longer meets the FCA’s ‘Shares in Public Hands Requirement’ following its tender offer (for both its Sterling and US dollar share classes). The remaining US Dollar shares, not purchased under the tender offer, are to be compulsory converted into Sterling shares. The conversion will take effect on or around 17 July 2014 […]
