LONDON, Feb 5 (Reuters) - Systematica Investments, which spun out of BlueCrest Capital Management in January, gained 9.52 percent in its BlueTrend hedge fund last month, according to a letter to investors seen by Reuters.
The computer-driven hedge fund, led by BlueCrest’s former head of systematic trading, Leda Braga, manages $7.6 billion and is one of the top performers in a month when similar strategies, as measured by industry tracker Eurekahedge, gained 4.7 percent on an average.
The returns mark the third-best monthly performance for the fund, which launched over 10 years ago.
Ed Orlebar, a spokesman for Systematica, declined comment.
Reporting by Nishant Kumar; editing by Carolyn Cohn