Bluecrest AllBlue Fund to benefit from US CDS litigation award
The FTSE 250-listed BlueCrest AllBlue Fund could receive some of the fund from a multi-million dollar award of US civil litigation matter regarding the pricing transparency of certain credit default swaps.
BlueCrest AllBlue Fund Ltd. EUR Shares
€1.82
16:35 01/10/14
0.00%
€0.00
Equity Investment Instruments
12,024.90
15:45 15/11/24
-0.58%
-70.73
FTSE 250
20,508.75
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
Highbridge Multi-Strategy Fund USD Shares
$1.80
17:04 01/03/16
0.00%
$0.00
Highbridge Tactical Credit Fund Limited NVP GBP
425.00p
16:55 31/10/23
0.00%
0.00p
The fund, which is managed by BlueCrest Capital Management, said its funds will receive an award from this settlement, either directly or indirectly, and certain of these awards are expected to be significant.
Roughly 90% of the award, of roughly $90m, will go to the BlueCrest Multi Strategy Credit Master Fund, while the BlueCrest Capital International Master Fund will also receive a significant award of up to $6m.
AllBlue Limited could stand to gain up to approximately 1%, on a net basis, as a result of these developments.