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BlueCrest AllBlue redemption proceeds received

26 February 2016 08:51

Highbridge Multi-Strategy Fund - formerly BlueCrest AllBlue Fund - has received from AllBlue Limited and AllBlue Leveraged Feeder Limited a further tranche of redemption monies in the sum of approximately GBP7 million.

The company has now received a total of approximately GBP506 million and USD31 million from AllBlue and AllBlue Leveraged (the 'AllBlue Funds'), representing approximately 71% of the value of the company's investment in the sterling classes of the AllBlue Funds and approximately 74% of the value of its investment in the US dollar classes of the AllBlue Funds. Accordingly, approximately 74% of the sterling class net assets and 75% of the US dollar class net assets of the company are now held as cash.

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Related Company: BABS

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