LONDON (Reuters) – BlueCrest Capital Management, one of Europe’s biggest hedge fund firms, is looking to raise more than 150 million pounds for a new listed feeder fund into its computer-driven BlueTrend fund, a source familiar with the matter said.

The closed-end fund, BlueCrest BlueTrend, will feed into the firm’s main BlueTrend fund, the company said in a statement. BlueTrend manages $13.6 billion (8.7 billion pounds) in assets and was one of the hedge fund industry’s top performers during the financial crisis in 2008.

LONDON (Reuters) – BlueCrest Capital Management, one of Europe’s biggest hedge fund firms, is looking to raise more than 150 million pounds for a new listed feeder fund into its computer-driven BlueTrend fund, a source familiar with the matter said.

The closed-end fund, BlueCrest BlueTrend, will feed into the firm’s main BlueTrend fund, the company said in a statement. BlueTrend manages $13.6 billion (8.7 billion pounds) in assets and was one of the hedge fund industry’s top performers during the financial crisis in 2008.

LONDON (Reuters) – BlueCrest Capital Management, one of Europe’s biggest hedge fund firms, is looking to raise more than 150 million pounds ($235 million) for a new listed feeder fund into its computer-driven BlueTrend fund, a source familiar with the matter said.

The closed-end fund, BlueCrest BlueTrend, will feed into the firm’s main BlueTrend fund, the company said in a statement. BlueTrend manages $13.6 billion in assets and was one of the hedge fund industry’s top performers during the financial crisis in 2008.

LONDON, Jan 30 (Reuters) – BlueCrest Capital
Management, one of Europe’s biggest hedge fund firms, is looking
to raise more than 150 million pounds ($235 million) for a new
listed feeder fund into its computer-driven BlueTrend fund, a
source familiar with the matter said.

The closed-end fund, BlueCrest BlueTrend, will feed into the
firm’s main BlueTrend fund, the company said in a statement.
BlueTrend manages $13.6 billion in assets and was one of the
hedge fund industry’s top performers during the financial crisis
in 2008.

COPENHAGEN/LONDON, Jan 26 (Reuters) – Jyske Bank
, Denmark’s second-biggest bank, posted a fall in
profit after making a $40 million dollar provision against
lawsuits brought by investors who had lost money in one of its
hedge funds during the nadir of the credit crisis.

Jyske said on Thursday it had made a provision of 229
million Danish crowns ($40 million) against its potential
liability after the Danish High Court allowed investors in the
bank’s Jyske Invest Hedge Markedsneutral fund to bring a class-
action lawsuit.

LONDON, Jan 25 (Reuters) – Hedge fund industry veteran
Philippe Gougenheim wants to raise $50 million-plus for a highly
liquid global macro hedge fund he says can guard against the
unpredictable influence of euro zone politicians on markets.

Gougenheim, who was head of hedge funds at Swiss fund firm
Unigestion, will launch the Cayman-domiciled Glasnost fund in
June, named after the former USSR’s 1980s policy of openness and
transparency.

LONDON, Jan 23 (Reuters) – The head of Man Group
, the world’s biggest listed hedge fund manager, is
backing the reintroduction of the so-called ‘uptick rule’ to
reduce the risk of a market crash prompted by lightning-fast
computer traders.

Peter Clarke told a conference on Monday that the U.S. rule,
which only allowed short-selling — bets on a share price
falling — if the last sale price of a stock was higher than the
previous price, could help stop some rapid-fire computer hedge
funds fuelling market falls.

LONDON, Jan 19 (Reuters) – British asset managers
suffered a wave of withdrawals in the final three months of last
year, as clients fretting about a deepening euro zone crisis and
choppy financial markets trimmed exposure to investment funds.

Jupiter Fund Management reported its first quarter
of net outflows since returning to the London Stock Exchange in
June 2010, while Aberdeen Asset Management saw clients
accelerate withdrawals at the end of last year.

LONDON (Reuters) – Aberdeen Asset Management saw client outflows accelerate at the end of last year as investors fretted over the euro zone’s deepening debt crisis, but said its higher-margin funds were still attracting new business.

Aberdeen (ADN.L: Quote, Profile, Research) said investors pulled out a net 2.8 billion pounds of their cash in the three months to end-December, largely from lower margin assets such as fixed income, with the loss of one global mandate in particular hitting flows.

LONDON (Reuters) – Man Group, the world’s biggest listed hedge fund manager, reported a second consecutive quarter of heavy client outflows and announced plans for further cost cuts, as nervous investors pulled out of its poorly-performing flagship fund.

The company (EMG.L: Quote, Profile, Research, Stock Buzz), which shocked investors in September when it reported its fastest rate of outflows since early 2009, said on Wednesday clients pulled out a net $2.5 billion (1.6 billion pounds) over the three months through December, roughly in line with analyst forecasts.