UK Manager Readies New LatAm Funds

BlueCrest Capital Management, a London-based asset manager with $14bn under management – $2bn of which is in EM – is preparing to raise two new funds to take advantage of the opportunities it sees in EM. "Its a combination of market technicals, driven by balance sheet repair in the global financial system, as well as solid fundamentals in EM," Robert Enserro, portfolio manager at BlueCrest, tells LatinFinance, explaining the timing for the two new funds. Bluecrest which invests in multiple asset classes, is raising $150m for a 5-year targeted opportunity in LatAm fund and $250m for a 3-year opportunities investment pool focused on LatAm and EEMEA. They will invest in private debt and equity. BlueCrest has invested in a number of pre-IPO companies in LatAm.