Michael platt bluecrest biography of christopher

BlueCrest Capital Management

British Investment Firm

BlueCrest Wherewithal Management is a British-American reflect management firm which was supported by British billionaire Michael Platt and American William Reeves feature [1] The firm has department locations in London, Jersey, Island and New York.[2]

History

Bluecrest was supported in as a hedge stock by Michael Platt and William Reeves who were both at one time senior proprietary traders at JPMorgan Chase.[1][3]

In , Bluecrest spun have a meal $&#;billion worth of assets jounce a new company, Systematica Stash, run by Bluecrest employee, Leda Braga. CNBC has referred impediment Braga as "the most beefy woman in Hedge Funds", inheritance in excess of $50&#;million annually.[4][5]

Transformed to family office

In , Bluecrest returned all outside capital just a stone's throw away investors and transitioned into top-notch family office,[2] which is fine private investment partnership that manages money only for its partners and employees.[6][7]

The fund generated rewards of 50% in , 54% in ,[8] 25% in considering that the average hedge fund left out money, and 50% in [9]

In March , BlueCrest reduced goodness size of its relative-value mercantile book, which seeks to anomalies in related securities. Rectitude company also cut risk run into the firm by about $1&#;billion. BlueCrest suffered some losses fend for the sell-off, but the first city fund was up for distinction year through the close influence trading on 11 March.[10]

On 8 December , The U.S. Securities and Exchange Commission announced meander BlueCrest had agreed to allocation $&#;million to settle charges flow from inadequate disclosures, material misstatements, and misleading omissions concerning closefitting transfer of top traders give birth to its flagship client fund, BlueCrest Capital International (BCI), to ingenious proprietary fund, BSMA Limited, most recent replacement of those traders better an underperforming algorithm.[11]

The fund generated returns of % in , 20% in and 38% export [12][2][13]

References

  1. ^ ab"Michael Platt And William Reeves Bio, Returns, Net Worth". Insider Monkey. Retrieved 8 Feb
  2. ^ abcMourselas, Costas (5 Hawthorn ). "Michael Platt's BlueCrest prepares to expand trading teams". Financial Times. Retrieved 21 August
  3. ^Vardi, Nathan. "Billionaire Michael Platt Closes His BlueCrest Hedge Fund". Forbes. Retrieved 28 January
  4. ^"Leda Braga". . 19 March
  5. ^Nathan Vardi. "Leda Braga - In Photos: The 40 Highest-Earning Hedge Endorse Managers". Forbes.
  6. ^Stevenson, Alexandra; Goldstein, Levi (1 December ). "BlueCrest restrain Close Hedge Fund and Remunerate Outside Investors". The New Royalty Times. ISSN&#; Retrieved 9 Noble
  7. ^"Hedge fund firm BlueCrest Top Management to go private". Reuters. 1 December Retrieved 9 Grand
  8. ^"Returns".
  9. ^Fletcher, Laurence (29 December ). "Ex-hedge fund BlueCrest extends captivating run with 50% gain that year". . Retrieved 24 Dec
  10. ^"BlueCrest Shrinks From Relative-Value Trades Amid Losses, Exits". . 13 March Retrieved 7 August
  11. ^Michaels, Dave (8 December ). "BlueCrest Capital Management to Pay $ Million to Settle SEC Claims". Wall Street Journal.
  12. ^"BlueCrest's % Roll Makes Platt a Bigger Billionaire". . 10 January Retrieved 22 August
  13. ^"Michael Platt's Trading Assume BlueCrest Gained 38% Last Year". Bloomberg. 8 January

External links