||ORD NPV GBP
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Bluecrest GBP Share Discussion Threads
Showing 1 to 11 of 25 messages
Chat Pages: 1
|1 December 2015
BLUECREST ALLBLUE FUND LIMITED (the "Company")
BLUECREST NOTIFICATION OF RETURN OF CAPITAL
The Company has today received a notification from BlueCrest Capital Management Limited in relation to the proposed return of capital by AllBlue Limited. The Board will meet with its advisers as soon as practicable to discuss the contents of the notification and the next steps to be taken. The full text of the notification is set out below. A further announcement will be released in due course.
"1st December 2015
We are writing to inform you of a significant development with respect to the business of BlueCrest Capital Management Limited, acting as general partner to BlueCrest Capital Management LP ("BlueCrest").
With effect from 1 December 2015, BlueCrest, the Investment Manager to the BlueCrest suite of funds, and the Board of Directors of each of the relevant BlueCrest funds (or General Partner, where appropriate) have each determined that the BlueCrest funds will embark upon a programme to return the capital managed in these funds to investors (as described in more detail below) and will not accept any further investment subscriptions from third party investors. Following the completion of this process, BlueCrest will become a 'Private Investment Partnership', focussing solely on the management of the assets of its partners and employees.
We would like to thank all of our investors who have supported us over the last 15 years and are pleased that, as we make this decision, all of the current BlueCrest funds are at, or close to, their 'high water mark'.
Recent developments in the industry, including, among other things, downward pressure on fee levels, the increasing cost of hiring the best portfolio management talent and the difficulty in tailoring investment products to meet the individual needs and constraints of a large number of diverse investors, have all significantly reduced industry profitability and flexibility. These factors have affected BlueCrest along with many other industry participants, and BlueCrest believes that a transition to a Private Investment Partnership model is now appropriate for the business.|
|too late, you can no long convert into $. nice thinking though!|
|BABS (held by Weiss) continuation vote passed for £ and but failed for $....
so in theory buy in £ redeem* for NAV in $ ? :)
*redemption format subject to proposals.
|Buying their own stock
|Jon827 please could you add the compnay website to the header?
|WHats the EPIC forthis fund - is it BABS?|
|Michael Platt interview on Youtube from 21 May 2012
|Activist investor Weiss Asset Manageg buying 5.3% of BABS.
Just in case anyone else is interested I track all Weiss holdings on the WAM thread:)
|Got a link?|
|Micahel Platt is a guest interviewee in Hedge Fund Market Wizards.|
|It's not what you thought Bart!|
Chat Pages: 1