BlueCrest Downgraded as Aksia Tells Clients to Pull Money
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BlueCrest Capital Management LLP, billionaire Michael Platt’s hedge-fund firm, was downgraded by Aksia LLC, the second consulting firm to advise clients to pull their money because of a lack of transparency.
The adviser cut its rating on BlueCrest to uninvestable and is advising clients to redeem their investments, according to a person with direct knowledge of the move who asked not to be identified because they weren’t authorized to speak publicly.