Investing
Billionaire Michael Platt’s BlueCrest Is Set for Record Year With 114% Gain
- The returns put it on track for its best year of performance
- The firm benefited from rising inflation, interest rates
Michael Platt
Source: BlueCrest Capital Management
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Billionaire Michael Platt’s BlueCrest Capital Management is on track for its best year since becoming a private investment firm.
The firm, which now runs Platt’s wealth and that of his partners, has soared 114% so far this year, according to a person with knowledge of the matter. The gains, if sustained for the rest of the year, will make 2022 its most profitable year. The Financial Times reported the returns earlier.