Braga’s Systematica Gains 7% This Month Amid Swiss Franc Turmoil
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Leda Braga, the former BlueCrest Capital Management executive who started her own computer-driven trading firm this month, gained about 3 percent last week when the Swiss National Bank abandoned the franc’s cap against the euro, according to an investor update.
The $5.6 billion BlueTrend Fund, which she spun out of BlueCrest, gained 7 percent this month through Jan. 16, the update from her Geneva-based firm, Systematica Investments, shows. Ed Orlebar, a spokesman for the firm at Temple Bar Advisory, didn’t return messages seeking comment.