Exclusive: BlueCrest's BlueTrend hedge fund suffers 16.9 percent slump

Reuters

BlueCrest Capital Management's BlueTrend fund, one of the world's biggest computer-driven hedge funds, has suffered one of its worst ever peak-to-trough losses over the past six weeks.

A listed feeder fund that channels capital into the $16 billion BlueTrend fund lost 16.9 percent between May 17 and June 28, regulatory filings show.

Continue Reading Below

The feeder fund closely replicates the performance of BlueTrend's flagship fund, headed up by Brazilian-born Leda Braga, one of the hedge fund industry's highest-profile women.

A BlueCrest spokesman declined to comment.

Such performance equates to a loss of roughly $2.7 billion in the main fund, which was launched in 2004 and which has never had a losing calendar year.

(Reporting by Laurence Fletcher; editing by Sinead Cruise)