BlueCrest Affiliate IPO on Track

A public offering on NASDAQ from the American arm of Guernsey-based BlueCrest appears to be going forward, with underwriting done by

BlueCrest Affiliate to Make IPO

A US arm of Guernsey-based BlueCrest is expected to make an initial public offering, following the trend among major alternative investment businesses to raise capital in public markets. BlueCrest, among the largest hedge fund managers worldwide with $25-billion in total assets, runs BlueTrend, a top commodity trading advisor managed by Leda Braga.

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