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BlueCrest Hedge Fund’s 30% Surge Lifts Founder Platt’s Fortune to $12.8 Billion

  • Michael Platt’s fortune is set to rise to about $12.8 billion
  • Firm uses highly leveraged bets after returning clients cash
Michael Platt

Michael Platt

Source: BlueCrest Capital Management Ltd

Michael Platt’s wealth swelled even further last year as the billionaire continues to outperform most hedge funds with the freedom to take on riskier bets after returning clients money.

Gains at his private investing firm BlueCrest Capital Management were about 30% in 2021, according to a person with knowledge of the matter, who asked not to be identified because the information is private. While that was not as high as previous annual gains, it was three times the average return of a basket of hedge funds tracked by Bloomberg.