BlueCrest Capital Management

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BlueCrest Capital Management
Formation 2000; 18 years ago (2000)
Founder William Reeves
Michael Platt
Location
Subsidiaries Systematica Investments
Employees
600
Website www.bluecrestcapital.com

BlueCrest Capital Management is an American hedge fund which was founded by American William Reeves and Brit Michael Platt in 2000.[1] The New York City-based company has registered offices in London, New York City, Boston, Geneva, Connecticut and Singapore.[2] BlueCrest Capital Management is Europe’s third-biggest hedge-fund firm, managing over £30 billion.[3] The firm's employees are estimated to number c.600.[4]

Forbes estimated Platt's net worth to be US$3.5 billion in 2015.[5]

Investments[edit]

In 2014, Bluecrest spun off $8.2bn worth of assets into a new company, Systematica Investments, run by Bluecrest employee, Leda Braga. CNBC has referred to Braga as "the most powerful woman in Hedge Funds", earning in excess of US$50m annually.[6][7]

In 2015, Bluecrest announced its plans to return all outside capital to investors and transition into a private investment partnership that would manage money for its partners and employees.[8][9]

In 2017, the company increased its investment in FedEx by 128.9%.[10]

References[edit]

  1. ^ "Michael Platt And William Reeves Bio, Returns, Net Worth". Insider Monkey. Retrieved 8 February 2013. 
  2. ^ "Company Overview of BlueCrest Capital Management Limited". Businessweek. Retrieved 8 February 2013. 
  3. ^ Westbrook, Jesse (Dec 2013). "Man Who Said No to Soros Builds BlueCrest Into Empire". Bloomberg. Bloomberg. Retrieved 27 August 2014. 
  4. ^ "BlueCrest Capital Management". pensionfundsonline.co.uk. 
  5. ^ Liyan Chen. "Michael Platt". Forbes. 
  6. ^ "Leda Braga". equinoxfunds.com. 
  7. ^ Nathan Vardi. "Leda Braga - In Photos: The 40 Highest-Earning Hedge Fund Managers". Forbes. 
  8. ^ Stevenson, Alexandra; Goldstein, Matthew (2015-12-01). "BlueCrest to Close Hedge Fund and Refund Outside Investors". The New York Times. ISSN 0362-4331. Retrieved 2017-08-09. 
  9. ^ "Hedge fund firm BlueCrest Capital Management to go private". Reuters. 2015-12-01. Retrieved 2017-08-09. 
  10. ^ Peregrin, Tatum (2017-11-08). "BlueCrest Capital Management Ltd Boosts Position in FedEx Corporation (FDX)". The Ledger Gazette. Retrieved 2017-11-10. 

External links[edit]