(Bloomberg) BlueCrest Capital Management’s global macro hedge fund rose 0.6 percent in August, according to a person familiar with the situation, as concerns of a slowdown in China roiled global stock markets.
Michael Platt’s BlueCrest Capital International beat other hedge funds trading on macro-economic themes, which lost an average 1.2 percent last month, according to Hedge Fund Research, a Chicago-based data provider. The $2.5 billion fund is still down 1 percent for the year through Aug. 31, the person said, asking not to be named because the information is private.
