Bloomberg – BlueCrest Capital Market LLP, Europe’s third-largest hedge fund firm, raised 349 million pounds ($517 million) with a share issue, double its target, in the largest such listing in two years.
BlueCrest, which manages about $19 billion in hedge funds from London and Geneva, raised the money with a so-called C- share listing for its BlueCrest AllBlue Fund Ltd., which invests in BlueCrest funds. A C-share listing doesn’t dilute the holdings of existing investors.
