BlueCrest Capital Management
| Formation | 2000 |
|---|---|
| Founder | William Reeves Michael Platt |
| Location | |
| Subsidiaries | Systematica Investments |
Employees | 600 |
| Website | www |
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
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
- ^ "Michael Platt And William Reeves Bio, Returns, Net Worth". Insider Monkey. Retrieved 8 February 2013.
- ^ "Company Overview of BlueCrest Capital Management Limited". Businessweek. Retrieved 8 February 2013.
- ^ Westbrook, Jesse (Dec 2013). "Man Who Said No to Soros Builds BlueCrest Into Empire". Bloomberg. Bloomberg. Retrieved 27 August 2014.
- ^ "BlueCrest Capital Management". pensionfundsonline.co.uk.
- ^ Liyan Chen. "Michael Platt". Forbes.
- ^ "Leda Braga". equinoxfunds.com.
- ^ Nathan Vardi. "Leda Braga - In Photos: The 40 Highest-Earning Hedge Fund Managers". Forbes.
- ^ 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.
- ^ "Hedge fund firm BlueCrest Capital Management to go private". Reuters. 2015-12-01. Retrieved 2017-08-09.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ Peregrin, Tatum (2017-11-08). "BlueCrest Capital Management Ltd Boosts Position in FedEx Corporation (FDX)". The Ledger Gazette. Retrieved 2017-11-10.