On June 18, 2015, the Financial Conduct Authority issued a warning regarding BlueCrest New Investment Capital Hedge Fund (clone of FCA authorised firm)

In its notification, the FCA said "Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this 'clone firm'.".

The FCA went on to note that

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a 'clone firm'; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the 'firm reference number' (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

BlueCrest New Investment Capital Hedge Fund (clone of FCA authorised firm)

Other Information: Genuine firm This genuine group of companies has no association whatsoever with the 'cloned firm'. It is authorised to offer; promote or sell financial services or products in the UK: BlueCrest Capital Management (UK) LLP; FCA Number: 515304 BlueCrest Capital Management LLP BlueCrest Capital Management Guernsey Limited BlueCrest Capital Management Guernsey L.P. BlueCrest Capital Management (Singapore) Pte. Ltd BlueCrest Capital Management (New York) LP BlueCrest Capital Management (Boston) L.P.

Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses.

FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm Name: BlueCrest Capital Management (UK) LLP

Firm Reference Number: 515304

Address: Nova North 11 Bressenden Place, SW1E 5BY, UNITED KINGDOM

Telephone: +4 402031803000

Email: compliance@bluecrestcapital.com

Website: www.bluecrestcapital.com

Click here to view the FCA's original notice