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Platt’s BlueCrest Opens Office in Miami, a Tax Haven

  • Firm is among latest money managers to open Florida office
  • Florida has no state income tax and low property levies
Florida Nabs Money Managers as Property Tax Cap Boosts Its Pitch

Photographer: Christina Mendenhall/Bloomberg

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BlueCrest Capital Management, the investment firm led by billionaire Michael Platt, has opened an office in Miami that’s initially staffed by six portfolio managers, according to people familiar with the matter.

BlueCrest, which is based in Jersey, Channel Islands, is among the latest money managers to open an office in Florida, a state with no income tax and low property levies. The personal preferences of the six BlueCrest managers prompted their relocation to Miami, the people said.