Compliance Monitor
BlueCrest challenges proposed £41m fine from FCA over conflicts of interest
By Neasa MacErlean
One of the world’s most successfulfund managers, BlueCrest Capital Management UK, is fighting a proposed £40.8 millionfine
from the FCA. A leading macro manager, BlueCrest has not provided evidenceto the regulator but is challenging findings of
“conflict of interest failings”by using an “expedited reference procedure” to go directly to the UpperTribunal.