BlueCrest Capital Benefits From Volatile Markets in Japan and Europe

One of the few large and growing credit focused hedge funds, BlueCrest Capital, returned 0.27 percent in April according to a shareholder letter obtained by ValueWalk. While this may seem a very weak return when compared to L/S equity and event driven strategy, for a credit hedge fund it is not as bad. BlueCrest Capital Limited has $12.2 billion under management and is up 0.49 percent YTD.  Other than the flagship fund, BlueCrest MultiStrategy Credit Fund is up 4.75 percent through April while BlueCrest Emerging Markets Fund is up 2.7 percent in the same period. BlueCrest Capital Cashing Into The…