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BlueCrest’s 95% Gain Swells Michael Platt’s Wealth to $10 Billion

  • It was firm’s best year since returning money to clients
  • Investor joins high-profile peers who also had record years
Updated on

Asking clients to take their billions away has worked wonders for Michael Platt.

Free to take bigger and bolder bets, Platt has guided his private investment firm BlueCrest Capital Management to blockbuster gains year-after-year. Returns soared to 95% in a tumultuous 2020 when a global pandemic roiled markets, according to a person with knowledge of the matter. His personal wealth has doubled in the past year to about $10 billion, according to Bloomberg estimates.