BlueCrest goes to the market for more cash

first_img Share whatsapp Show Comments ▼ Wednesday 15 September 2010 8:15 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads HEDGE fund BlueCrest hopes to cash in on demand for its AllBlue fund to raise up to £80m this month, after announcing a share sale yesterday. It is the AllBlue fund’s third offering in 12 months, and will place new shares worth 9.99 per cent of total issued stock. AllBlue successfully raised £349m in June and took £100m in December, and said there was ongoing desire for its shares. AllBlue chairman Richard Crowder said: “This proposed placing responds to the considerable demand we have witnessed from investors.“BlueCrest AllBlue is performing well and is trading at a premium to net asset value. BlueCrest remains confident that it represents an attractive opportunity in current market conditions.” RBS Hoare Govett and Dexion Capital are acting as joint bookrunners for the company, which tracks other funds owned by parent BlueCrest Capital Management. AllBlue had $5.2bn (£3.3bn) of assets under management on 1 September, when it hit its target half-year return of five per cent on its sterling shares. AllBlue’s smaller euro and dollar share classes returned 9.2 and two per cent respectively. center_img BlueCrest goes to the market for more cash Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapplast_img read more