BlueCrest Capital Management, one of Europe’s largest hedge funds, saw its fee income increase to just shy of $1 billion for 2012, a 28% increase on the previous year.

Total management and performance fees for BlueCrest Capital Management LLP came to $999.2 million for 2012, up from $780.6 million the previous year, according to the accounts for BlueCrest Capital Management LLP, which were published this week at Companies House.