British-American investment management firm BlueCrest Capital is reportedly sitting on massive gains after its owner – billionaire Michael Platt – took a bet on the new White House administration.
Citing “people with knowledge on the matter” who asked not to be identified, Bloomberg reports that BlueCrest is up 20% on the year already, while taking into account fees and expenses.
Platt reportedly used aggressive amounts of leverage to exploit the extreme volatility triggered by President Trump’s trade war, with BlueCrest now on track to complete a decade of consecutive returns.
BlueCrest returned capital to outside investors, turning the firm into a privately owned and managed family office, so its exact assets under management (AUM) is unclear – though court documents show that BlueCrest held $3.9
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