BBTS Bluecrest BL £

TIDMBBTS

RNS Number : 8244S

BlueCrest BlueTrend Limited

29 September 2014

BlueCrest BlueTrend Limited

29 September 2014

BlueCrest to launch Systematica

BlueCrest BlueTrend Limited (the "Company") notes the announcement by BlueCrest Capital Management Limited ("BlueCrest") of its intention to launch an independent firm, Systematica Investments ("Systematica"), which will comprise its systematic investment management business, under the leadership and management of BlueCrest's current Head of Systematic Trading, Leda Braga.

The launch of Systematica is expected in January 2015, and the firm will initially have offices in Jersey, Geneva, New York, London and Singapore. It is envisaged that, at inception, the firm will have approximately 100 staff, including substantially all of the existing Systematic team at BlueCrest. Subject to necessary approvals, Systematica will become the investment manager of the $8.3bn BlueTrend programme.

Systematica will be controlled and managed by Leda Braga and her team. However, BlueCrest will retain an economic interest in the business and the two organisations will continue to co-operate in areas of mutual benefit and where operating efficiencies can be achieved.

Accordingly, the day to day management of the Company and its investment strategy will be unaffected.

A further announcement will be made once the management of the BlueTrend programme has been transferred to Systematica.

Enquiries

 
Company Secretary:            Tel: +44 (0) 1481 743940 
 Dexion Capital (Guernsey) 
 Limited 
 Kellie Blondel/Carol Kilby 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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