Michael Platt’s Client-Free Trading Decade Racks Up 7,858% Gain

Since Michael Platt ditched clients to trade with his own money a decade ago, a series of highly-leveraged bets have made him one of the richest hedge fund billionaires in the world.

Platt’s private trading firm, BlueCrest Capital Management, gained 73% last year, a person with knowledge of the matter said, asking not to be identified because the details are private.