Braga’s BlueTrend Leads Quant Fund Rebound With July Gain
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Leda Braga’s BlueTrend led a revival in computer-driven hedge funds in July, spurred by a slide in commodity prices and the strengthening dollar.
A former top trader at Michael Platt’s BlueCrest Capital Management, Braga, 49, saw her fund gain 6.2 percent last month, putting it 3.1 percent up for the year, according to a person familiar with the matter. Her Geneva-based Systematica Investments now runs almost $9 billion, said the person, who asked not to be identified because the data is private.