BlueCrest Capital Management, a UK hedge fund manager, realised a step change in its revenue growth following a strategic investment four years ago by Man Group, a UK-listed alternative asset manager.

BlueCrest increased its revenue by 52% a year between 2005 and this year, when it made revenues of $918m (€587m), according to Man Group’s financial statements for the year to March 31, published last month. Its revenues had been growing at 30% a year when Man acquired a 25% stake in December 2003 for £105m (€133m).